Pallas Capital Advisors LLC Increases Stock Position in Vistra Corp. $VST

Pallas Capital Advisors LLC increased its position in Vistra Corp. (NYSE:VST) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,461 shares of the company’s stock after buying an additional 9,305 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Vistra were worth $9,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Vistra during the second quarter valued at about $930,080,000. Alkeon Capital Management LLC raised its holdings in shares of Vistra by 280.6% in the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock worth $262,876,000 after purchasing an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares during the period. Invesco Ltd. lifted its stake in shares of Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after purchasing an additional 913,350 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd acquired a new position in shares of Vistra in the 2nd quarter valued at about $145,987,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction on Monday, March 9th. The shares were 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 owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 2.3%

NYSE:VST opened at $155.77 on Friday. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The business’s 50-day simple moving average is $161.67 and its 200 day simple moving average is $176.16. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 71.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 41.94%.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and increased their target price for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Scotiabank boosted their price objective on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company dropped their price objective 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. Finally, UBS Group raised their target price on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Three research 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. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $236.87.

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.