Ratan Capital Management LP Buys Shares of 18,409 Vistra Corp. $VST

Ratan Capital Management LP bought a new stake in Vistra Corp. (NYSE:VST) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 18,409 shares of the company’s stock, valued at approximately $2,920,000. Vistra accounts for 0.9% of Ratan Capital Management LP’s investment portfolio, making the stock its 22nd biggest holding.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Vistra in the 2nd quarter valued at $4,610,496,000. Norges Bank purchased a new position in Vistra during the 4th quarter worth $746,729,000. Capital World Investors purchased a new position in Vistra during the 4th quarter worth $574,499,000. Bank of America Corp DE acquired a new stake in shares of Vistra in the 2nd quarter worth $468,354,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Vistra in the 2nd quarter worth $381,938,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This represents 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 have sold a total of 36,588 shares of company stock valued at $5,914,427 in the last 90 days. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $206.00 price target on shares of Vistra in a research note on Wednesday, August 12th. Seaport Research Partners restated a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Weiss Ratings lowered Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Morgan Stanley boosted their target price on Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, BNP Paribas Exane set a $255.00 target price on Vistra in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.53.

Vistra Stock Performance

NYSE:VST opened at $137.16 on Friday. The firm’s fifty day simple moving average is $151.62 and its 200-day simple moving average is $155.48. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a market cap of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Analysts expect that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 15.54%.

Vistra Company 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.