Permian Investment Partners LP reduced its position in Vistra Corp. (NYSE:VST) by 75.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,047 shares of the company’s stock after selling 1,140,815 shares during the period. Vistra makes up approximately 0.8% of Permian Investment Partners LP’s holdings, making the stock its 10th largest holding. Permian Investment Partners LP owned approximately 0.08% of Vistra worth $6,595,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Vistra by 24.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 458,120 shares of the company’s stock valued at $11,925,000 after purchasing an additional 89,962 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Vistra by 1.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,064,191 shares of the company’s stock valued at $20,922,000 after purchasing an additional 17,437 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Vistra by 563.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 173,104 shares of the company’s stock valued at $3,403,000 after purchasing an additional 147,004 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Vistra during the 4th quarter worth approximately $237,000. Finally, Public Employees Retirement System of Ohio lifted its position in Vistra by 17.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 239,764 shares of the company’s stock worth $4,714,000 after acquiring an additional 35,163 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on VST shares. Guggenheim raised Vistra from a “neutral” rating to a “buy” rating in a research report on Thursday. Morgan Stanley reduced their price target on Vistra from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, May 3rd. Credit Suisse Group reduced their price target on Vistra from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, June 3rd. Zacks Investment Research raised Vistra from a “sell” rating to a “hold” rating in a research report on Wednesday, June 30th. Finally, Seaport Global Securities upped their target price on Vistra from $19.50 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.00.
Vistra (NYSE:VST) last issued its quarterly earnings results on Tuesday, May 4th. The company reported ($4.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.34) by ($1.87). Vistra had a negative net margin of 12.41% and a negative return on equity of 17.81%. The firm had revenue of $3.21 billion during the quarter. On average, sell-side analysts expect that Vistra Corp. will post -0.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.22%. Vistra’s dividend payout ratio (DPR) is 40.54%.
In related news, CFO James A. Burke acquired 30,000 shares of the stock in a transaction that occurred on Thursday, May 6th. The stock was purchased at an average cost of $15.85 per share, for a total transaction of $475,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian K. Ferraioli acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, May 12th. The shares were bought at an average price of $16.00 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now owns 40,784 shares in the company, valued at $652,544. The disclosure for this purchase can be found here. Insiders bought a total of 43,000 shares of company stock valued at $682,270 over the last quarter. Company insiders own 0.89% of the company’s stock.
Vistra Corp., together with its subsidiaries, engages in the electricity business in the United States. It operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia.
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