SPX Gestao de Recursos Ltda Reduces Holdings in Vistra Corp. $VST

SPX Gestao de Recursos Ltda reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 39.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,500 shares of the company’s stock after selling 138,500 shares during the quarter. Vistra accounts for about 3.5% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 10th biggest position. SPX Gestao de Recursos Ltda owned approximately 0.06% of Vistra worth $41,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fisher Funds Management LTD purchased a new position in shares of Vistra during the third quarter valued at approximately $1,241,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Vistra in the 2nd quarter valued at $292,000. Envestnet Asset Management Inc. lifted its stake in Vistra by 49.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock valued at $72,784,000 after acquiring an additional 122,545 shares in the last quarter. National Pension Service lifted its stake in Vistra by 6.3% during the 3rd quarter. National Pension Service now owns 1,195,793 shares of the company’s stock valued at $234,280,000 after acquiring an additional 70,693 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vistra by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock worth $406,830,000 after acquiring an additional 35,444 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VST. Bank of America reduced their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $215.00 price objective on shares of Vistra in a research report on Friday, February 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research note on Monday. KeyCorp initiated coverage on shares of Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price on the stock. Finally, Scotiabank upped their target price on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus price target of $236.40.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the transaction, the chief executive officer owned 297,998 shares in the company, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 5.2%

VST opened at $158.76 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company’s 50-day moving average price is $163.60 and its two-hundred day moving average price is $179.50. The stock has a market cap of $53.79 billion, a price-to-earnings ratio of 73.16, a PEG ratio of 1.01 and a beta of 1.42. The company has a quick ratio of 0.88, a current ratio of 0.78 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.27). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. As a group, equities analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio is presently 41.94%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.