Assenagon Asset Management S.A. Acquires Shares of 71,217 Vistra Corp. (NYSE:VST)

Assenagon Asset Management S.A. acquired a new stake in shares of Vistra Corp. (NYSE:VSTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 71,217 shares of the company’s stock, valued at approximately $2,743,000.

A number of other hedge funds have also recently bought and sold shares of VST. PNC Financial Services Group Inc. raised its stake in shares of Vistra by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,446 shares of the company’s stock worth $510,000 after buying an additional 396 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Vistra by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,090 shares of the company’s stock worth $368,000 after buying an additional 405 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Vistra by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the company’s stock worth $535,000 after buying an additional 460 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Vistra by 0.3% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 188,873 shares of the company’s stock worth $6,267,000 after buying an additional 476 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Vistra by 44.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,655 shares of the company’s stock worth $40,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 0.5 %

NYSE:VST opened at $71.15 on Wednesday. The firm has a market capitalization of $24.75 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 0.93 and a beta of 1.05. Vistra Corp. has a 1-year low of $22.67 and a 1-year high of $73.07. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The business’s fifty day moving average price is $53.77 and its 200 day moving average price is $41.90.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. On average, sell-side analysts forecast that Vistra Corp. will post 4.28 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a $0.215 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 19th. Vistra’s dividend payout ratio is presently 24.02%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on Vistra from $42.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $78.00 target price on shares of Vistra in a research report on Monday, March 25th. Finally, BMO Capital Markets boosted their target price on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $61.75.

Get Our Latest Analysis on Vistra

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the transaction, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the transaction, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders have sold a total of 257,285 shares of company stock valued at $15,404,397 in the last three months. Insiders own 1.36% of the company’s stock.

Vistra Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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