Tortoise Capital Advisors L.L.C. Increases Position in Vistra Corp. (NYSE:VST)

Tortoise Capital Advisors L.L.C. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 110.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 431,787 shares of the company’s stock after acquiring an additional 226,701 shares during the period. Vistra comprises about 0.5% of Tortoise Capital Advisors L.L.C.’s holdings, making the stock its 28th biggest holding. Tortoise Capital Advisors L.L.C.’s holdings in Vistra were worth $37,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in Vistra in the 1st quarter valued at about $1,675,000. 3Chopt Investment Partners LLC lifted its position in shares of Vistra by 142.2% in the fourth 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 in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Vistra by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock worth $5,617,000 after acquiring an additional 5,619 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position 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 worth $4,453,000 after purchasing an additional 33,738 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Vistra by 633.7% in the 4th 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. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $89.46 per share, with a total value of $29,969.10. Following the purchase, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets upped their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Trading Down 2.8 %

Shares of NYSE VST opened at $73.70 on Friday. The stock has a fifty day simple moving average of $80.91 and a 200-day simple moving average of $78.05. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $107.24. The stock has a market capitalization of $25.32 billion, a PE ratio of 45.22 and a beta of 1.08. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the business earned $1.03 earnings per share. On average, equities analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. Vistra’s dividend payout ratio is 53.37%.

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.