Cobalt Capital Management Inc. Sells 20,000 Shares of Vistra Corp. $VST

Cobalt Capital Management Inc. lessened its holdings in Vistra Corp. (NYSE:VST) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the company’s stock after selling 20,000 shares during the period. Vistra comprises 2.1% of Cobalt Capital Management Inc.’s holdings, making the stock its 15th biggest holding. Cobalt Capital Management Inc.’s holdings in Vistra were worth $4,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridgewater Advisors Inc. grew its holdings in shares of Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after purchasing an additional 53 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Vistra by 7.1% during the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the last quarter. Equitable Holdings Inc. grew its holdings in shares of Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Vistra by 21.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after purchasing an additional 65 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Vistra by 3.8% during the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. This trade represents a 25.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,088 shares of company stock worth $1,634,227. Insiders own 0.92% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $158.57 on Thursday. The stock’s 50 day moving average is $153.85 and its 200 day moving average is $159.72. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The firm has a market cap of $53.47 billion, a P/E ratio of 26.56 and a beta of 1.40. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. As a group, research analysts expect that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This represents a $0.92 annualized dividend and a 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 Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on VST shares. TD Cowen reduced their price target on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company reduced their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. JPMorgan Chase & Co. cut their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $230.44.

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.