Harvest Fund Management Co. Ltd Grows Stock Holdings in Vistra Corp. (NYSE:VST)

Harvest Fund Management Co. Ltd boosted its holdings in Vistra Corp. (NYSE:VST) by 73.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,900 shares of the company’s stock after buying an additional 3,346 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Vistra by 19,070.8% in the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock valued at $214,426,000 after acquiring an additional 5,537,584 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Vistra in the third quarter valued at $57,218,000. Deutsche Bank AG raised its holdings in shares of Vistra by 509.3% in the third quarter. Deutsche Bank AG now owns 1,734,590 shares of the company’s stock valued at $57,554,000 after buying an additional 1,449,905 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Vistra by 1,767.0% during the third quarter. Panagora Asset Management Inc. now owns 1,472,090 shares of the company’s stock worth $48,844,000 after buying an additional 1,393,241 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Vistra by 1,701.3% during the third quarter. Federated Hermes Inc. now owns 1,469,484 shares of the company’s stock worth $48,757,000 after buying an additional 1,387,906 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of NYSE VST opened at $68.15 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 19.68 and a beta of 1.05. The company’s 50-day moving average price is $62.02 and its 200 day moving average price is $45.81. Vistra Corp. has a 52 week low of $22.67 and a 52 week high of $75.89.

Vistra (NYSE:VST) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. As a group, research analysts forecast that Vistra Corp. will post 3.61 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.215 per share. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.86 annualized dividend and a dividend yield of 1.26%. Vistra’s dividend payout ratio (DPR) is 24.02%.

Wall Street Analyst Weigh In

Several research firms have commented on VST. Janney Montgomery Scott began coverage on Vistra in a research note on Thursday, April 18th. They set a “buy” rating and a $82.00 price objective for the company. BMO Capital Markets upped their price target on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Evercore ISI lifted their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $67.20.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 86,517 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $15,069,030.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,285 shares of company stock worth $15,404,397. 1.42% of the stock is owned by company insiders.

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.