Acadian Asset Management LLC holds $700,000 position in Vistra Corp. (NYSE:VST)

Acadian Asset Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,158 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. Atria Investments Inc bought a new position in Vistra in the first quarter valued at approximately $1,675,000. 3Chopt Investment Partners LLC raised its position in shares of Vistra by 142.2% during the 4th 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 during the the period. Janney Montgomery Scott LLC raised its stake in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock worth $5,617,000 after buying an additional 5,619 shares in the last quarter. Teacher Retirement System of The State of Kentucky boosted its holdings in shares of Vistra by 41.2% in the 4th quarter. Teachers Retirement System Of The State Of Kentucky now owns 115,600 shares of the company’s stock worth $4,453,000 after buying an additional 33,738 shares during the period. Finally, Stephens Inc. AR boosted its stake in Vistra by 633.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s shares.

Vistra stock up 2.0%

Shares of NYSE VST opened at $91.17 on Wednesday. The company has a 50 day simple moving average of $79.83 and a two hundred day simple moving average of $79.79. Vistra Corp. it has a 52-week low of $31.16 and a 52-week high of $107.24. The company has a market cap of $31.68 billion, a P/E ratio of 55.93 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.

Vistra (NYSE:VST – Get Your Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm posted EPS of $1.03. Research analysts anticipate that Vistra Corp. will post 4.86 earnings per share 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 paid a $0.2195 dividend. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, September 20. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 53.37%.

Analysts on Wall Street are forecasting an increase

A number of research firms have issued reports on VST. Jefferies Financial Group began coverage on Vistra in a research report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target for the company. Morgan Stanley boosted their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $89.43, according to MarketBeat.

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Vistra Company Profile

(Free Report)

Vistra Corp., together with its subsidiaries, operates as an integrated electricity generation and retail 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 in the states of the United States and the District of Columbia.

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