Fisher Funds Management LTD Boosts Stock Holdings in Vistra Corp. $VST

Fisher Funds Management LTD lifted its stake in shares of Vistra Corp. (NYSE:VST) by 2,111.7% during the first quarter, Holdings Channel reports. The fund owned 140,089 shares of the company’s stock after acquiring an additional 133,755 shares during the period. Fisher Funds Management LTD’s holdings in Vistra were worth $21,060,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Vistra during the 4th quarter worth $746,729,000. Capital World Investors purchased a new stake in Vistra during the 4th quarter worth about $574,499,000. Rubric Capital Management LP purchased a new stake in Vistra during the 4th quarter worth about $322,660,000. Amundi raised its position in Vistra by 72.3% in the 4th quarter. Amundi now owns 1,949,568 shares of the company’s stock valued at $314,524,000 after purchasing an additional 817,876 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Vistra by 585.0% in the 4th quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after purchasing an additional 775,104 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the 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 transaction, the director directly owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the firm’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 transaction of $824,800.00. Following the sale, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 35,088 shares of company stock valued at $5,634,227 over the last three months. 0.92% of the stock is owned by corporate insiders.

Vistra Stock Down 0.1%

Shares of NYSE VST opened at $163.59 on Monday. The company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 27.40 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The business has a 50-day moving average of $154.21 and a two-hundred day moving average of $159.54. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, analysts forecast that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 0.6%. This is a positive change 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 is currently 15.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VST shares. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $230.44.

Vistra Company 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.