Point72 DIFC Ltd Takes $5.72 Million Position in Vistra Corp. (NYSE:VST)

Point72 DIFC Ltd acquired a new position in Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 66,515 shares of the company’s stock, valued at approximately $5,719,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Marshall Wace LLP increased its holdings in shares of Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after acquiring an additional 893,093 shares during the period. Samlyn Capital LLC purchased a new position in shares of Vistra in the 2nd quarter valued at $33,134,000. Sagefield Capital LP purchased a new position in Vistra in the second quarter valued at about $7,266,000. Xponance Inc. raised its holdings in Vistra by 18.2% in the second quarter. Xponance Inc. now owns 78,130 shares of the company’s stock worth $6,718,000 after purchasing an additional 12,056 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Vistra by 384.1% during the second quarter. Bank of Montreal Can now owns 297,456 shares of the company’s stock valued at $25,575,000 after buying an additional 236,012 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

NYSE VST opened at $111.64 on Tuesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The stock’s fifty day moving average price is $80.66 and its 200 day moving average price is $81.20. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $114.55. The company has a market cap of $38.79 billion, a price-to-earnings ratio of 68.49 and a beta of 1.08.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (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 during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.79%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio is presently 53.37%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VST shares. BMO Capital Markets lifted their price objective on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group started coverage on shares of Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $104.50.

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.