Alberta Investment Management Corp Acquires 6,100 Shares of Vistra Corp. $VST

Alberta Investment Management Corp grew its holdings in Vistra Corp. (NYSE:VST) by 23.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,600 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Alberta Investment Management Corp’s holdings in Vistra were worth $5,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VST. Norges Bank bought a new stake in shares of Vistra in the fourth quarter valued at about $746,729,000. Capital World Investors bought a new stake in shares of Vistra in the fourth quarter valued at about $574,499,000. Rubric Capital Management LP bought a new stake in shares of Vistra in the fourth quarter valued at about $322,660,000. Palidye Holdings Caymans Ltd bought a new stake in shares of Vistra in the second quarter valued at about $145,987,000. Finally, Situational Awareness LP boosted its position in shares of Vistra by 142.3% in the second quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after acquiring an additional 748,332 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. JPMorgan Chase & Co. dropped their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $230.44.

Vistra Stock Up 3.3%

VST stock opened at $158.53 on Wednesday. The company has a market cap of $53.45 billion, a PE ratio of 26.55 and a beta of 1.40. The business has a 50-day simple moving average of $153.72 and a 200 day simple moving average of $159.85. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Sell-side analysts anticipate that Vistra Corp. will post 9.31 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is currently 15.24%.

Insider Transactions at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,088 shares of company stock valued at $1,634,227 in the last three months. Company insiders own 0.92% of the company’s stock.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.