DekaBank Deutsche Girozentrale Acquires 384 Shares of Vistra Corp. (NYSE:VST)

DekaBank Deutsche Girozentrale boosted its position in Vistra Corp. (NYSE:VST) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,214 shares of the company’s stock after acquiring an additional 384 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vistra were worth $662,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Vistra by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,604,079 shares of the company’s stock worth $1,106,795,000 after acquiring an additional 1,023,500 shares during the last quarter. BlackRock Inc. grew its holdings in Vistra by 2.3% in the 1st quarter. BlackRock Inc. now owns 23,939,759 shares of the company’s stock worth $556,597,000 after acquiring an additional 534,299 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Vistra by 19,070.8% in the 4th quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock worth $214,426,000 after acquiring an additional 5,537,584 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Vistra by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,551,117 shares of the company’s stock worth $184,186,000 after acquiring an additional 597,875 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Vistra by 12.5% during the 3rd quarter. Invesco Ltd. now owns 5,190,705 shares of the company’s stock valued at $172,228,000 after purchasing an additional 575,799 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total value of $5,734,170.00. Following the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at $9,470,448. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Vistra news, 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 transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the transaction, the executive vice president now owns 161,888 shares in the company, valued at $9,470,448. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,285 shares of company stock valued at $15,404,397. 1.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VST. Evercore ISI lifted their target price on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $78.00 target price on shares of Vistra in a research note on Monday, March 25th. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $63.50.

Vistra Stock Down 2.2 %

VST opened at $68.22 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The firm has a 50 day moving average price of $59.17 and a 200-day moving average price of $44.33. Vistra Corp. has a twelve month low of $22.67 and a twelve month high of $75.89. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 19.06 and a beta of 1.05.

Vistra (NYSE:VST) last announced its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. Equities research analysts forecast that Vistra Corp. will post 4.28 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were paid a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.86 annualized dividend and a dividend yield of 1.26%. This is an increase from Vistra’s previous quarterly dividend of $0.21. Vistra’s dividend payout ratio is currently 24.02%.

About Vistra

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.