Caisse de depot et placement du Quebec Sells 27,973 Shares of Vistra Corp. $VST

Caisse de depot et placement du Quebec trimmed its position in shares of Vistra Corp. (NYSE:VST) by 3.4% during the 2nd quarter, Holdings Channel reports. The fund owned 788,199 shares of the company’s stock after selling 27,973 shares during the period. Caisse de depot et placement du Quebec’s holdings in Vistra were worth $125,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra in the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new stake in Vistra in the fourth quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new stake in Vistra during the fourth quarter valued at $30,000. Strive Financial Group LLC purchased a new stake in Vistra during the fourth quarter valued at $33,000. Finally, IFC & Insurance Marketing Inc. bought a new position in Vistra during the fourth quarter valued at $35,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Up 0.9%

VST opened at $140.28 on Thursday. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 23.70 and a beta of 1.41. The stock’s 50 day moving average price is $152.62 and its 200-day moving average price is $155.68. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. On average, equities analysts forecast that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The stock was 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. The trade was a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,588 shares of company stock worth $5,914,427 in the last ninety days. 0.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research report on Wednesday, August 12th. Mizuho initiated coverage on shares of Vistra in a report on Monday. They issued an “outperform” rating and a $169.00 price target for the company. Weiss Ratings downgraded shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, TD Cowen dropped their price target on Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.53.

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.