Gordian Capital Singapore Pte Ltd Purchases New Holdings in Vistra Corp. (NYSE:VST)

Gordian Capital Singapore Pte Ltd acquired a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,450 shares of the company’s stock, valued at approximately $297,000.

Other institutional investors have also recently bought and sold shares of the company. Lone Pine Capital LLC increased its holdings in Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after buying an additional 425,126 shares during the last quarter. Third Point LLC lifted its stake in Vistra by 27.6% in the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after purchasing an additional 995,748 shares during the last quarter. Castle Hook Partners LP grew its holdings in Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after purchasing an additional 3,108,511 shares during the period. Wellington Management Group LLP increased its position in Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock worth $135,570,000 after buying an additional 363,897 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after buying an additional 2,910,015 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VST. Jefferies Financial Group lifted 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. BMO Capital Markets boosted their price target on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $110.83.

Vistra Price Performance

Shares of NYSE VST opened at $122.57 on Wednesday. The firm has a market capitalization of $42.59 billion, a P/E ratio of 75.20 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. The stock’s 50-day simple moving average is $84.42 and its two-hundred day simple moving average is $83.17. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $122.64.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) 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 analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, equities analysts anticipate that Vistra Corp. will post 4.7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a dividend of $0.2195 per share. The ex-dividend date was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.72%. Vistra’s dividend payout ratio is currently 53.37%.

About Vistra

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.