Korea Investment CORP Boosts Holdings in Vistra Corp. $VST

Korea Investment CORP grew its holdings in shares of Vistra Corp. (NYSE:VST) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,269 shares of the company’s stock after acquiring an additional 21,370 shares during the quarter. Korea Investment CORP owned about 0.14% of Vistra worth $76,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. EP Wealth Advisors LLC boosted its holdings in Vistra by 1,646.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 189,132 shares of the company’s stock valued at $30,002,000 after acquiring an additional 178,303 shares during the period. Rakuten Securities Inc. lifted its stake in Vistra by 37.8% in the second quarter. Rakuten Securities Inc. now owns 2,136 shares of the company’s stock worth $339,000 after acquiring an additional 586 shares during the period. Burnham & Co LLC bought a new stake in shares of Vistra during the 2nd quarter valued at about $1,795,000. Robinhood Asset Management LLC grew its holdings in shares of Vistra by 36.2% during the 2nd quarter. Robinhood Asset Management LLC now owns 70,919 shares of the company’s stock worth $11,250,000 after acquiring an additional 18,840 shares during the period. Finally, Keebeck Wealth Management purchased a new position in Vistra during the second quarter valued at $235,000. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director directly owned 53,006 shares of the company’s stock, 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 a total of 41,588 shares of company stock worth $6,739,227 in the last ninety days. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VST shares. Scotiabank upped their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Morgan Stanley boosted their price objective on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research downgraded Vistra from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group reduced their target price on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus price target of $226.94.

Vistra Trading Down 1.8%

NYSE:VST opened at $136.43 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a market cap of $45.79 billion, a PE ratio of 23.05 and a beta of 1.41. The company has a 50 day simple moving average of $153.73 and a two-hundred day simple moving average of $155.83.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share 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 net margin of 11.55% and a return on equity of 108.68%. Research analysts forecast that Vistra Corp. will post 9.23 earnings per share for the current year.

Vistra Increases Dividend

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

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.