BTG Pactual Asset Management US LLC Has $5.87 Million Stake in Vistra Corp. $VST

BTG Pactual Asset Management US LLC lowered its position in shares of Vistra Corp. (NYSE:VST) by 30.5% during the second quarter, HoldingsChannel reports. The fund owned 39,015 shares of the company’s stock after selling 17,161 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Vistra were worth $5,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Vistra during the fourth quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra in the 4th quarter valued at approximately $30,000. Triumph Capital Management bought a new position in Vistra in the 3rd quarter valued at approximately $38,000. Finally, Strive Asset Management LLC acquired a new stake in Vistra during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, Director John R. Sult sold 6,500 shares of the company’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 sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated 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 sale, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. 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 have sold 36,588 shares of company stock worth $5,914,427 in the last three months. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $137.16 on Monday. The stock has a market capitalization of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The business’s 50 day simple moving average is $151.62 and its 200 day simple moving average is $155.50. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82.

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

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research note on Monday, June 15th. Scotiabank increased their price objective on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, BNP Paribas Exane set a $255.00 target price on Vistra in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.53.

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.