TD Asset Management Inc Grows Position in Vistra Corp. (NYSE:VST)

TD Asset Management Inc raised its position in Vistra Corp. (NYSE:VSTFree Report) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,098 shares of the company’s stock after purchasing an additional 6,063 shares during the quarter. TD Asset Management Inc’s holdings in Vistra were worth $1,159,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Vistra in the third quarter worth approximately $713,000. Janney Montgomery Scott LLC increased its stake in Vistra by 6.7% in the third quarter. Janney Montgomery Scott LLC now owns 140,193 shares of the company’s stock worth $4,652,000 after purchasing an additional 8,798 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Vistra by 20.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 41,827 shares of the company’s stock worth $1,388,000 after purchasing an additional 7,115 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Vistra during the third quarter valued at $304,000. Finally, HighTower Advisors LLC grew its holdings in shares of Vistra by 10.4% in the third quarter. HighTower Advisors LLC now owns 139,558 shares of the company’s stock worth $4,622,000 after purchasing an additional 13,148 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VST. BMO Capital Markets increased their price objective on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Guggenheim upgraded Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Evercore ISI lifted their price objective on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley increased their target price on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, UBS Group boosted their price target on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $87.83.

Read Our Latest Stock Analysis on VST

Vistra Stock Performance

VST stock opened at $85.07 on Monday. The firm has a 50-day simple moving average of $82.91 and a two-hundred day simple moving average of $58.68. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. Vistra Corp. has a one year low of $24.60 and a one year high of $107.24. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 52.19 and a beta of 1.03.

Vistra (NYSE:VSTGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. On average, equities analysts forecast that Vistra Corp. will post 3.8 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 1.03%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, June 18th. Vistra’s payout ratio is 52.76%.

Insider Activity at Vistra

In other Vistra news, EVP Scott A. Hudson sold 86,517 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Scott A. Hudson sold 86,517 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $15,069,030.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, 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. 1.42% of the stock is currently owned by corporate insiders.

About Vistra

(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.

See Also

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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