Harvest Fund Management Co. Ltd Buys 3,346 Shares of Vistra Corp. (NYSE:VST)

Harvest Fund Management Co. Ltd grew its stake in shares of Vistra Corp. (NYSE:VST) by 73.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,900 shares of the company’s stock after acquiring an additional 3,346 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VST. AE Wealth Management LLC bought a new stake in shares of Vistra during the 3rd quarter worth $268,000. SG Americas Securities LLC bought a new stake in shares of Vistra during the 3rd quarter worth $2,762,000. State of Alaska Department of Revenue acquired a new position in Vistra in the 3rd quarter worth about $1,362,000. Capital Investment Advisors LLC acquired a new position in Vistra in the 3rd quarter worth about $249,000. Finally, Exchange Traded Concepts LLC acquired a new position in Vistra in the 3rd quarter worth about $1,429,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated 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 completion of the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The disclosure for this sale can be found here. Insiders sold a total of 257,285 shares of company stock worth $15,404,397 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VST shares. BMO Capital Markets increased their price target on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 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. Janney Montgomery Scott started coverage on Vistra in a research note on Thursday, April 18th. They set a “buy” rating and a $82.00 target price for the company. Finally, Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $67.20.

Vistra Stock Performance

NYSE:VST opened at $68.15 on Thursday. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. The business has a fifty day simple moving average of $62.02 and a two-hundred day simple moving average of $45.81. Vistra Corp. has a 1 year low of $22.67 and a 1 year high of $75.89. The company has a market capitalization of $23.71 billion, a P/E ratio of 19.68 and a beta of 1.05.

Vistra (NYSE:VST) last released its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Vistra had a return on equity of 20.05% and a net margin of 10.10%. On average, analysts expect that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.26%. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. Vistra’s payout ratio is presently 24.02%.

Vistra Profile

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.