Moors & Cabot Inc. Acquires New Holdings in Vistra Corp. (NYSE:VST)

Moors & Cabot Inc. acquired a new stake in Vistra Corp. (NYSE:VST) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 40,000 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in Vistra by 124.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,632,821 shares of the company’s stock valued at $327,089,000 after purchasing an additional 9,763,243 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Vistra by 371.8% during the second quarter. Franklin Resources Inc. now owns 12,611,298 shares of the company’s stock valued at $233,939,000 after acquiring an additional 9,938,134 shares during the last quarter. State Street Corp raised its stake in shares of Vistra by 8.7% during the second quarter. State Street Corp now owns 10,132,373 shares of the company’s stock valued at $187,956,000 after acquiring an additional 807,397 shares during the last quarter. Sound Shore Management Inc CT raised its stake in shares of Vistra by 7.8% during the third quarter. Sound Shore Management Inc CT now owns 7,425,918 shares of the company’s stock valued at $126,983,000 after acquiring an additional 536,123 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Vistra by 13.7% during the second quarter. Neuberger Berman Group LLC now owns 7,256,753 shares of the company’s stock valued at $134,275,000 after acquiring an additional 876,525 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

In other news, insider Oaktree Capital Group Holdings sold 1,041,573 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $20.10, for a total transaction of $20,935,617.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Shares of NYSE VST opened at $22.59 on Friday. Vistra Corp. has a twelve month low of $15.47 and a twelve month high of $24.20. The firm has a fifty day simple moving average of $21.18 and a 200 day simple moving average of $19.51. The company has a market capitalization of $10.90 billion, a PE ratio of -5.40, a P/E/G ratio of 0.53 and a beta of 0.98. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 1.74.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($1.49). Vistra had a negative return on equity of 30.01% and a negative net margin of 17.98%. The firm had revenue of $2.99 billion for the quarter. As a group, equities analysts expect that Vistra Corp. will post 0.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Thursday, December 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, December 15th. Vistra’s dividend payout ratio is presently -14.35%.

Several equities analysts have recently issued reports on VST shares. Zacks Investment Research downgraded shares of Vistra from a “buy” rating to a “hold” rating in a research note on Thursday, October 21st. Bank of America reaffirmed a “buy” rating and set a $23.00 price target on shares of Vistra in a research note on Thursday, September 30th. Finally, BMO Capital Markets raised their price target on shares of Vistra from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, October 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $23.75.

About Vistra

Vistra Corp. is an energy company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial and industrial customers.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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