Prudential PLC Invests $3.28 Million in Vistra Corp. (NYSE:VST) (2024)

Prudential PLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 85,039 shares of the company's stock, valued at approximately $3,276,000.

Several other large investors have also recently bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Vistra in the third quarter worth $713,000. Janney Montgomery Scott LLC increased its stake in shares of Vistra by 6.7% in the third quarter. Janney Montgomery Scott LLC now owns 140,193 shares of the company's stock valued at $4,652,000 after buying an additional 8,798 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Vistra by 20.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 41,827 shares of the company's stock worth $1,388,000 after acquiring an additional 7,115 shares during the last quarter. Pathstone Family Office LLC acquired a new position in shares of Vistra in the third quarter worth approximately $304,000. Finally, HighTower Advisors LLC boosted its holdings in Vistra by 10.4% in the third quarter. HighTower Advisors LLC now owns 139,558 shares of the company's stock valued at $4,622,000 after acquiring an additional 13,148 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VST shares. Morgan Stanley raised their price target on shares of Vistra from $86.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, May 28th. UBS Group upped their price target on shares of Vistra from $85.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Janney Montgomery Scott started coverage on Vistra in a research report on Thursday, April 18th. They issued a "buy" rating and a $82.00 price objective for the company. BMO Capital Markets boosted their price objective on Vistra from $79.00 to $109.00 and gave the company an "outperform" rating in a research note on Friday, May 10th. Finally, Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an "outperform" rating in a research note on Thursday, April 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $87.83.

Get Our Latest Stock Report on Vistra

Vistra Stock Down 1.4 %

NYSE:VST traded down $1.19 on Friday, hitting $85.07. The stock had a trading volume of 8,785,041 shares, compared to its average volume of 7,600,544. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra Corp. has a 52 week low of $24.60 and a 52 week high of $107.24. The business's fifty day moving average is $82.91 and its 200 day moving average is $58.68. The company has a market cap of $29.56 billion, a PE ratio of 52.19 and a beta of 1.03.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.23 earnings per share 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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, equities research analysts expect that Vistra Corp. will post 3.8 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be issued a dividend of $0.218 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 52.76%.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares of the company's stock, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 86,517 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $15,069,030.52. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

About Vistra

(Free Report)

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.

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