Clear Street Group Inc. Invests $2.90 Million in Vistra Corp. $VST

Clear Street Group Inc. bought a new position in Vistra Corp. (NYSE:VST) during the third quarter, Holdings Channel.com reports. The fund bought 14,810 shares of the company’s stock, valued at approximately $2,902,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ausdal Financial Partners Inc. boosted its holdings in Vistra by 97.3% during the third quarter. Ausdal Financial Partners Inc. now owns 3,385 shares of the company’s stock worth $663,000 after buying an additional 1,669 shares in the last quarter. California Public Employees Retirement System grew its position in Vistra by 3.4% in the third quarter. California Public Employees Retirement System now owns 630,504 shares of the company’s stock worth $123,528,000 after buying an additional 20,637 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Vistra by 201.9% in the third quarter. Bank of Nova Scotia now owns 87,473 shares of the company’s stock valued at $17,138,000 after buying an additional 58,499 shares in the last quarter. Anson Funds Management LP lifted its position in shares of Vistra by 150.0% during the 3rd quarter. Anson Funds Management LP now owns 15,000 shares of the company’s stock valued at $2,939,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its position in shares of Vistra by 11.1% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,506,357 shares of the company’s stock valued at $295,125,000 after acquiring an additional 150,000 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VST has been the topic of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. JPMorgan Chase & Co. reduced their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. KeyCorp started 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. Scotiabank lifted their price target on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Vistra has an average rating of “Buy” and a consensus price target of $236.40.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 0.3%

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

Vistra (NYSE:VST) last announced its 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). The firm 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%. Research analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.6%. Vistra’s 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.