Intech Investment Management LLC Acquires 15,407 Shares of Vistra Corp. (NYSE:VST)

Intech Investment Management LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 206,648 shares of the company’s stock after acquiring an additional 15,407 shares during the quarter. Intech Investment Management LLC owned 0.06% of Vistra worth $17,768,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Simplicity Wealth LLC lifted its position in Vistra by 3.0% in the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares in the last quarter. Lindbrook Capital LLC lifted its position in Vistra by 16.8% in the 1st quarter. Lindbrook Capital LLC now owns 981 shares of the company’s stock valued at $68,000 after acquiring an additional 141 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Vistra by 38.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Vistra by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock valued at $2,539,000 after acquiring an additional 170 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Vistra by 5.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,965 shares of the company’s stock worth $341,000 after buying an additional 190 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Jefferies Financial Group initiated coverage on shares of Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 target price on the stock. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $89.43.

Vistra Trading Up 1.7 %

Shares of VST stock opened at $92.71 on Friday. The company has a 50 day moving average of $79.80 and a 200-day moving average of $80.12. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $107.24. The firm has a market cap of $31.85 billion, a P/E ratio of 56.88 and a beta of 1.08.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Sell-side analysts anticipate that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.