DekaBank Deutsche Girozentrale Buys 8,097 Shares of Vistra Corp. (NYSE:VST)

DekaBank Deutsche Girozentrale boosted its holdings in Vistra Corp. (NYSE:VST) by 43.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 26,653 shares of the company’s stock after purchasing an additional 8,097 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vistra were worth $2,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Vistra in the 1st quarter worth $26,000. EdgeRock Capital LLC bought a new position in Vistra in the second quarter worth approximately $34,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra during the 1st quarter worth $32,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Vistra during the 2nd quarter valued at about $47,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Vistra by 38.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Up 0.1 %

NYSE VST opened at $91.20 on Thursday. The stock has a market cap of $31.33 billion, a P/E ratio of 55.95 and a beta of 1.08. The company has a current ratio of 0.98, a quick ratio of 0.88 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 company has a fifty day simple moving average of $79.82 and a two-hundred day simple moving average of $80.04.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.96%. Vistra’s payout ratio is 53.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VST shares. Jefferies Financial Group started coverage on shares of Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. Morgan Stanley boosted their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $89.43.

Vistra 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.