Vistra Corp. (NYSE:VST) Holdings Boosted by Electron Capital Partners LLC

Electron Capital Partners LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 468.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,128,930 shares of the company’s stock after buying an additional 1,754,223 shares during the quarter. Vistra accounts for 3.5% of Electron Capital Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Electron Capital Partners LLC’s holdings in Vistra were worth $82,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Vistra by 160.7% during the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Vistra by 64.4% during the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after buying an additional 329 shares during the period. Rise Advisors LLC acquired a new stake in shares of Vistra during the 4th quarter valued at $35,000. Fifth Third Bancorp boosted its stake in shares of Vistra by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock valued at $52,000 after buying an additional 461 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Vistra during the 4th quarter valued at $54,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the acquisition, the director now owns 32,186 shares in the company, valued at approximately $2,879,359.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST traded down $0.81 during trading on Friday, hitting $87.59. The stock had a trading volume of 3,728,443 shares, compared to its average volume of 7,971,596. The firm has a market cap of $30.43 billion, a PE ratio of 53.74 and a beta of 1.03. Vistra Corp. has a 12 month low of $24.70 and a 12 month high of $107.24. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The company has a 50 day simple moving average of $84.58 and a 200-day simple moving average of $60.57.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.39). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. Analysts expect that Vistra Corp. will post 4.08 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 52.76%.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Janney Montgomery Scott began coverage on shares of Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. UBS Group lifted their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.83.

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.