New Covenant Trust Company N.A. Takes Position in Vistra Corp. (NYSE:VST)

New Covenant Trust Company N.A. acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the first quarter, HoldingsChannel reports. The fund acquired 458 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds also recently bought and sold shares of the company. 3Chopt Investment Partners LLC lifted its holdings in shares of Vistra by 142.2% in the 4th quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after acquiring an additional 32,276 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Vistra by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after buying an additional 5,619 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake 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 valued at $4,453,000 after buying an additional 33,738 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of 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 acquiring an additional 50,672 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in Vistra during the 1st quarter valued at about $673,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, Director Lisa Crutchfield bought 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the acquisition, the director now 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 through this link. 1.42% of the stock is currently owned by insiders.

Vistra Stock Down 4.7 %

Shares of VST traded down $3.61 during mid-day trading on Friday, reaching $72.43. The company had a trading volume of 9,355,193 shares, compared to its average volume of 6,776,611. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 46.65 and a beta of 1.05. The firm has a 50-day moving average price of $87.59 and a 200 day moving average price of $71.24. Vistra Corp. has a 52 week low of $27.70 and a 52 week high of $107.24.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 9th. The company reported $0.23 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 analysts’ expectations of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. On average, sell-side analysts forecast that Vistra Corp. will post 4.99 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, September 20th. Vistra’s payout ratio is presently 53.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. UBS Group increased their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Morgan Stanley boosted their price target on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI lifted their price objective on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Janney Montgomery Scott initiated coverage on Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $87.83.

Vistra 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.