Swiss National Bank Sells 51,700 Shares of Vistra Corp. $VST

Swiss National Bank cut its position in Vistra Corp. (NYSE:VST) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 978,073 shares of the company’s stock after selling 51,700 shares during the quarter. Swiss National Bank’s holdings in Vistra were worth $191,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fisher Funds Management LTD bought a new position in Vistra in the 3rd quarter worth approximately $1,241,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Vistra during the second quarter worth approximately $292,000. Envestnet Asset Management Inc. boosted its position in shares of Vistra by 49.2% in the third quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock valued at $72,784,000 after acquiring an additional 122,545 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vistra in the third quarter worth $1,445,000. Finally, National Pension Service grew its stake in shares of Vistra by 6.3% in the third quarter. National Pension Service now owns 1,195,793 shares of the company’s stock worth $234,280,000 after acquiring an additional 70,693 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VST. UBS Group upped their target price on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. KeyCorp assumed coverage on shares of Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective on the stock. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Friday, February 6th. Finally, Scotiabank increased their target price on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $236.40.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 22,251 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value of $3,605,774.55. Following the sale, the chief executive officer directly owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Performance

Shares of NYSE VST opened at $163.89 on Tuesday. The firm has a market capitalization of $55.53 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 0.96 and a beta of 1.42. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The business has a fifty day simple moving average of $163.65 and a 200 day simple moving average of $179.13. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. Sell-side analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is presently 41.94%.

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.