Advent International L.P. Buys New Holdings in Vistra Corp. $VST

Advent International L.P. purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 187,455 shares of the company’s stock, valued at approximately $28,180,000. Vistra accounts for 0.7% of Advent International L.P.’s portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra in the fourth quarter valued at approximately $30,000. Triumph Capital Management acquired a new position in Vistra during the third quarter valued at approximately $38,000. Finally, Strive Asset Management LLC acquired a new position in Vistra during the third quarter valued at approximately $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other Vistra news, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares of the company’s stock, valued at $12,021,380. This trade represents a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% 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 41,588 shares of company stock valued at $6,739,227 in the last 90 days. 0.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Scotiabank lifted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. 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 price target on shares of Vistra in a research report on Monday, April 27th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price target on shares of Vistra in a report on Monday, June 15th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $230.62.

Vistra Stock Performance

Shares of VST opened at $163.15 on Monday. The business’s 50 day moving average is $156.05 and its two-hundred day moving average is $158.44. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The firm has a market cap of $55.01 billion, a price-to-earnings ratio of 27.33 and a beta of 1.40. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Analysts forecast that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.229 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is currently 15.41%.

About Vistra

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.