Dockside LLC Invests $1.37 Million in Vistra Corp. $VST

Dockside LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,492 shares of the company’s stock, valued at approximately $1,370,000.

Several other large investors also recently made changes to their positions in VST. Norges Bank bought a new stake in shares of Vistra during the fourth quarter worth $746,729,000. Capital World Investors bought a new stake in shares of Vistra during the fourth quarter worth $574,499,000. Rubric Capital Management LP bought a new stake in shares of Vistra during the fourth quarter worth $322,660,000. Palidye Holdings Caymans Ltd bought a new stake in shares of Vistra during the second quarter worth $145,987,000. Finally, Situational Awareness LP grew its position in Vistra by 142.3% in the second quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after purchasing an additional 748,332 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $148.01 on Friday. The firm has a 50-day moving average of $153.53 and a 200-day moving average of $160.20. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The stock has a market cap of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, sell-side analysts anticipate that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.229 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.92 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. Vistra’s dividend payout ratio is 15.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VST shares. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $233.33.

Insider Activity

In other 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 transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares in the company, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

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.