Sun Sep 15 14:45:13 UTC 2024: ## Oppenheimer Boosts Vistra Corp. Holdings as Institutional Investors Show Interest

**New York, NY (MarketBeat News)** – Oppenheimer & Co. Inc. increased its stake in Vistra Corp. (NYSE: VST) by 22.8% during the second quarter, according to a recent SEC filing. This move comes as several other institutional investors have also adjusted their positions in the company.

Oppenheimer now owns 57,419 shares of Vistra, worth $4,937,000, after acquiring an additional 10,678 shares. This increase in investment reflects a positive outlook on Vistra’s future performance.

The recent quarter saw significant activity in Vistra’s stock. Private Advisor Group LLC and Envestnet Portfolio Solutions Inc. both established new stakes in the company during the fourth quarter, valued at $375,000 and $203,000 respectively. Vanguard Personalized Indexing Management LLC grew its stake by 3.6%, reaching 43,312 shares valued at $1,668,000.

Several other institutional investors also increased their holdings in Vistra, including Janney Montgomery Scott LLC (up 4.0%) and Quadrant Capital Group LLC (up 73.0%). These moves highlight the growing confidence in Vistra among institutional investors.

The company’s recent earnings report, however, showed a miss of $0.69 per share against analyst estimates for the quarter. Despite this, Vistra’s revenue for the quarter reached $3.85 billion, slightly lower than analysts’ projections.

Vistra continues to maintain a robust dividend policy, recently increasing its quarterly payout to $0.2195 per share, representing a 1.03% yield.

Analysts have generally expressed optimism towards Vistra, with seven equities research analysts giving a “buy” rating and one rating the stock as a “strong buy.” The current average rating stands at “Buy” with a consensus target price of $89.43.

Vistra Corp. is a leading integrated retail electricity and power generation company, operating across various segments including retail, Texas, East, West, Sunset, and Asset Closure. The company provides electricity and natural gas to residential, commercial, and industrial customers throughout the US.

**This article is for informational purposes only and should not be construed as investment advice.**

Read More