Cavalier Investments LLC Lowers Position in Vistra Corp. $VST

Cavalier Investments LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 66.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,948 shares of the company’s stock after selling 9,680 shares during the period. Cavalier Investments LLC’s holdings in Vistra were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Vistra in the 2nd quarter valued at about $930,080,000. Alkeon Capital Management LLC boosted its stake in shares of Vistra by 280.6% during the second quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after purchasing an additional 1,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 15.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after purchasing an additional 930,912 shares in the last quarter. Invesco Ltd. increased its holdings in Vistra by 25.2% during the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after buying an additional 913,350 shares during the period. Finally, Palidye Holdings Caymans Ltd purchased a new position in Vistra during the second quarter valued at approximately $145,987,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.3%

VST stock opened at $159.09 on Friday. The stock has a market capitalization of $53.90 billion, a PE ratio of 73.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The firm has a 50 day moving average of $163.48 and a 200 day moving average of $178.34.

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 analysts’ consensus estimates of $2.45 by ($0.27). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. Sell-side analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s dividend payout ratio is presently 41.94%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and set a $215.00 target price on shares of Vistra in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. KeyCorp assumed coverage on Vistra in a research report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target for the company. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and upped their price objective for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Finally, UBS Group raised their price objective on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $236.40.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

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.