Lombard Odier Asset Management USA Corp Takes Position in Vistra Corp. $VST

Lombard Odier Asset Management USA Corp acquired a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,816 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Vistra in the 4th quarter worth about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Vistra in the 3rd quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $30,000. Salomon & Ludwin LLC lifted its holdings in shares of Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 92 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of Vistra during the 4th quarter worth approximately $35,000. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VST shares. JPMorgan Chase & Co. decreased 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. BMO Capital Markets reissued an “outperform” rating and set a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Wells Fargo & Company decreased their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of Vistra in a research note on Thursday, May 21st. Finally, TD Cowen decreased their price target on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $230.44.

Vistra Trading Up 3.3%

Shares of VST opened at $158.53 on Wednesday. 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 company has a 50-day moving average of $153.72 and a 200 day moving average of $159.85. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 26.55 and a beta of 1.40. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio is presently 15.24%.

Insiders Place Their Bets

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction 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 sale, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,088 shares of company stock valued at $1,634,227. 0.92% of the stock is currently owned by corporate insiders.

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.