iA Global Asset Management Inc. Boosts Stock Position in Vistra Corp. (NYSE:VST)

iA Global Asset Management Inc. grew its position in Vistra Corp. (NYSE:VST) by 1,493.6% during the first quarter, Holdings Channel reports. The firm owned 114,259 shares of the company’s stock after acquiring an additional 107,089 shares during the period. iA Global Asset Management Inc.’s holdings in Vistra were worth $7,958,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Vistra during the 1st quarter valued at about $26,000. Riverview Trust Co purchased a new position in Vistra during the first quarter valued at approximately $39,000. ORG Partners LLC acquired a new position in Vistra in the first quarter valued at approximately $46,000. Blue Trust Inc. boosted its position in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Finally, Lindbrook Capital LLC grew 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 worth $32,000 after purchasing an additional 329 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lisa Crutchfield bought 335 shares of the stock in a transaction on Monday, June 10th. The stock was bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the purchase, the director now directly owns 32,186 shares in the company, valued at approximately $2,879,359.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is owned by insiders.

Vistra Price Performance

VST stock traded down $3.18 during trading on Thursday, hitting $76.04. The stock had a trading volume of 5,824,102 shares, compared to its average volume of 6,759,041. Vistra Corp. has a twelve month low of $27.54 and a twelve month high of $107.24. The company’s 50-day moving average price is $87.59 and its two-hundred day moving average price is $71.24. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. The stock has a market capitalization of $26.42 billion, a P/E ratio of 46.83 and a beta of 1.05.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. As a group, research analysts predict that Vistra Corp. will post 4.99 EPS 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 annualized dividend and a yield of 1.15%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 53.37%.

Analyst Upgrades and Downgrades

VST has been the subject of several analyst reports. Morgan Stanley boosted their target price 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. BMO Capital Markets increased their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Guggenheim upgraded Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. UBS Group increased their price target on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Janney Montgomery Scott initiated coverage on Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.83.

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.