Banco Santander SA buys new shares in Vistra Corp. (NYSE:VST)

Banco Santander SA bought a new stake in Vistra Corp. (NYSE:VST – Free Report) in the 1st quarter, according to the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company bought 9,666 shares of the company’s stock, valued at approximately $673,000.

Other hedge funds and institutional investors have also made changes to their positions in the company. 3Chopt Investment Partners LLC increased its stake 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 worth $2,117,000 after buying an additional 32,276 shares in the last quarter. Ellsworth Advisors LLC bought a new position in shares of Vistra in the fourth quarter worth $773,000. Janney Montgomery Scott LLC increased 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 buying an additional 5,619 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Vistra in the fourth quarter worth $831,000. Finally, Chicago Capital LLC bought a new position in shares of Vistra in the fourth quarter worth $2,716,000. 90.88% of the shares are held by institutional investors.

Analysts set new price targets

Several research firms have recently weighed in on VST. Janney Montgomery Scott initiated coverage on shares of Vistra in a research note on Thursday, April 18th. They gave the company a “buy” rating and a $82.00 price target. Evercore ISI increased their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets increased their price target on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. UBS Group increased their price target on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Morgan Stanley raised their price objective on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Six equities analysts have rated the stock with a “buy” rating and one has given the stock a “strong buy” rating. According to data from MarketBeat, the stock has an average rating of “buy” and a consensus price target of $87.83.

Check out our latest stock report on VST

Insider activity at Vistra

In related news, Director Lisa Crutchfield bought 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $89.46 per share, for a total value of $29,969.10. Following the completion of the purchase, the Director now directly owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 1.42% of the shares are held by insiders.

Vistra Stock Return

Shares of Vistra fell $0.08 during Friday trading, hitting $76.47. The company’s stock had a trading volume of 5,141,383 shares, compared to its average volume of 7,097,717. The company’s 50-day moving average price is $90.65 and its 200-day moving average price is $69.27. The company has a market cap of $26.57 billion, a price/earnings ratio of 46.91 and a beta of 1.05. Vistra Corp. has a 52-week low of $27.21 and a 52-week high of $107.24. 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 (NYSE:VST – Get Free Report ) last announced its earnings results on Thursday, May 9. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. Equity analysts have predicted that Vistra Corp. will post $4.99 EPS for the current year.

Vistra increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.218. This represents an annualized dividend of $0.87 and a dividend yield of 1.14%. The ex-dividend date for this dividend was Tuesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Company profile Vistra

(Free Report)

Vistra Corp., together with its subsidiaries, operates as an integrated retail electric and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset and Asset Closure. It sells electricity and natural gas to residential, commercial and industrial customers in states throughout the United States and the District of Columbia.

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