275,000 Shares in Vistra Corp. (NYSE:VST) Purchased by Senator Investment Group LP

Senator Investment Group LP acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 275,000 shares of the company’s stock, valued at approximately $23,644,000.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc acquired a new position in Vistra in the first quarter valued at approximately $1,675,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Vistra by 41.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after acquiring an additional 33,738 shares during the period. Stephens Inc. AR grew its position in shares of Vistra by 633.7% during the fourth quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock worth $2,260,000 after acquiring an additional 50,672 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Vistra by 8.1% in the 2nd quarter. Intech Investment Management LLC now owns 206,648 shares of the company’s stock worth $17,768,000 after acquiring an additional 15,407 shares during the period. Finally, Banco Santander S.A. bought a new stake in Vistra in the 1st quarter valued at about $673,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 3.1 %

Shares of NYSE:VST opened at $117.72 on Monday. The company has a 50 day moving average of $83.63 and a 200-day moving average of $82.78. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a market cap of $40.44 billion, a P/E ratio of 72.22 and a beta of 1.08. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $122.01.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the company earned $1.03 earnings per share. As a group, analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current fiscal 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 paid a dividend of $0.2195 per share. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 0.75%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.99%.

Wall Street Analyst Weigh In

VST has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets raised their target price on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $110.83.

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.