Harvey Capital Management Inc. Purchases Shares of 9,640 Vistra Corp. $VST

Harvey Capital Management Inc. acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,640 shares of the company’s stock, valued at approximately $1,529,000.

Several other large investors have also modified their holdings of VST. Empowered Funds LLC raised its stake in Vistra by 24.1% during the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after acquiring an additional 3,920 shares in the last quarter. Woodline Partners LP lifted its position in Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after acquiring an additional 8,312 shares during the last quarter. Focus Partners Wealth boosted its stake in Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after acquiring an additional 2,125 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Vistra in the second quarter valued at $269,000. Finally, Slocum Gordon & Co LLP grew its holdings in shares of Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VST. The Goldman Sachs Group set a $206.00 target price on Vistra in a report on Wednesday, August 12th. UBS Group cut their price target on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Scotiabank lifted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $223.53.

Insiders Place Their Bets

In related news, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 36,588 shares of company stock worth $5,914,427. Company insiders own 0.92% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $139.90 on Friday. The stock’s 50-day moving average price is $152.15 and its 200 day moving average price is $155.61. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $46.96 billion, a PE ratio of 23.63 and a beta of 1.41. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, equities research analysts forecast that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s payout ratio is presently 15.54%.

About Vistra

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.