Flputnam Investment Management Co. Has $3.85 Million Position in Vistra Corp. $VST

Flputnam Investment Management Co. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 31.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,661 shares of the company’s stock after selling 9,133 shares during the period. Flputnam Investment Management Co.’s holdings in Vistra were worth $3,852,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Vistra by 1.4% during the second quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after purchasing an additional 226,514 shares during the last quarter. Lone Pine Capital LLC raised its stake in shares of Vistra by 40.5% during the 2nd quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock worth $1,253,896,000 after purchasing an additional 1,864,931 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Vistra by 4.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company’s stock worth $1,196,884,000 after purchasing an additional 258,983 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra in the 2nd quarter valued at approximately $930,080,000. Finally, Invesco Ltd. grew its stake in shares of Vistra by 25.2% in the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after buying an additional 913,350 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 2.0%

Shares of VST opened at $162.85 on Monday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a market cap of $55.18 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 2.81 and a beta of 1.39. The firm’s 50-day simple moving average is $181.63 and its 200 day simple moving average is $190.12. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. On average, analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio is presently 32.49%.

Analyst Ratings Changes

VST has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Cowen assumed coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Scotiabank assumed coverage on shares of Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $228.00 price target on shares of Vistra in a report on Tuesday, December 16th. Finally, Wells Fargo & Company assumed coverage on Vistra in a research report on Monday, October 27th. They set an “overweight” rating and a $238.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $232.40.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 41,426 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $201.32, for a total value of $8,339,882.32. Following the completion of the sale, the chief executive officer owned 246,522 shares of the company’s stock, valued at approximately $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president owned 306,600 shares in the company, valued at $51,772,476. This trade represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 678,381 shares of company stock valued at $132,423,128 in the last ninety days. 1.42% of the stock is currently owned by corporate insiders.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.