Sit Investment Associates Inc. Invests $3.08 Million in Vistra Corp. $VST

Sit Investment Associates Inc. acquired a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,100 shares of the company’s stock, valued at approximately $3,081,000.

A number of other large investors have also added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra during the 4th quarter worth approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vistra during the third quarter valued at $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of Vistra during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Vistra during the fourth quarter worth $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Vistra in the fourth quarter worth $33,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 0.1%

NYSE VST opened at $163.59 on Friday. The business has a 50 day simple moving average of $154.21 and a 200 day simple moving average of $159.63. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The stock has a market capitalization of $55.16 billion, a P/E ratio of 27.40 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion for 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%. Research analysts expect that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a $0.229 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.24%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent research reports. Seaport Research Partners restated a “buy” rating and issued a $230.00 price objective on shares of Vistra in a report on Monday. Wells Fargo & Company cut their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. 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. Finally, Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $230.44.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. This trade represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the sale, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This trade represents a 25.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,088 shares of company stock worth $5,634,227 in the last quarter. Company insiders own 0.92% of the company’s stock.

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.