Acadian Asset Management LLC Takes $700,000 Position in Vistra Corp. (NYSE:VST)

Acadian Asset Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,158 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. Atria Investments Inc bought a new position in Vistra during the first quarter valued at about $1,675,000. 3Chopt Investment Partners LLC grew its position in shares of Vistra by 142.2% during the 4th quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock valued at $2,117,000 after acquiring an additional 32,276 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Vistra by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock worth $5,617,000 after purchasing an additional 5,619 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Vistra by 41.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock worth $4,453,000 after purchasing an additional 33,738 shares during the period. Finally, Stephens Inc. AR lifted its stake in Vistra by 633.7% in the fourth quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock valued at $2,260,000 after purchasing an additional 50,672 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 2.0 %

Shares of NYSE VST opened at $91.17 on Wednesday. The business has a 50-day simple moving average of $79.83 and a two-hundred day simple moving average of $79.79. Vistra Corp. has a 52 week low of $31.16 and a 52 week high of $107.24. The company has a market cap of $31.68 billion, a P/E ratio of 55.93 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the firm posted $1.03 EPS. Research analysts anticipate that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 53.37%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VST. Jefferies Financial Group began coverage on Vistra in a research report on Friday, September 13th. They issued a “buy” rating and a $99.00 target price for the company. Morgan Stanley boosted their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Seven 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, the stock presently has an average rating of “Buy” and an average target price of $89.43.

Vistra Company 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.