Alberta Investment Management Corp Invests $5.19 Million in Vistra Corp. $VST

Alberta Investment Management Corp acquired a new stake in Vistra Corp. (NYSE:VSTFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,500 shares of the company’s stock, valued at approximately $5,192,000.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Vistra by 1.4% in 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 period. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares in the last quarter. Norges Bank purchased a new stake in Vistra during the second quarter valued at approximately $930,080,000. Invesco Ltd. grew its stake in Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after buying an additional 913,350 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Vistra by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,344,142 shares of the company’s stock valued at $459,264,000 after buying an additional 16,321 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST stock opened at $172.38 on Friday. The company has a market capitalization of $58.41 billion, a P/E ratio of 62.23, a P/E/G ratio of 1.03 and a beta of 1.40. The business’s 50 day moving average is $162.76 and its two-hundred day moving average is $182.23. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 32.85%.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 8,219 shares of Vistra stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $173.35, for a total value of $1,424,763.65. Following the sale, the executive vice president owned 79,854 shares in the company, valued at $13,842,690.90. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the sale, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and lifted their target price for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Scotiabank upped their price target on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company decreased their price target on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $237.53.

Check Out Our Latest Analysis on Vistra

Vistra News Summary

Here are the key news stories impacting Vistra this week:

About Vistra

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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