Reaves W H & Co. Inc. Has $354.49 Million Stake in Vistra Corp. $VST

Reaves W H & Co. Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 14.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,197,292 shares of the company’s stock after buying an additional 278,763 shares during the quarter. Vistra accounts for 6.2% of Reaves W H & Co. Inc.’s portfolio, making the stock its 3rd biggest position. Reaves W H & Co. Inc.’s holdings in Vistra were worth $354,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VST. Payden & Rygel raised its holdings in Vistra by 3,118.2% during the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after buying an additional 34,300 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Vistra during the 4th quarter valued at $29,875,000. Legal & General Group Plc grew its holdings in Vistra by 12.2% in the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after acquiring an additional 192,274 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Vistra by 7,556.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 7,656 shares of the company’s stock valued at $1,235,000 after acquiring an additional 7,556 shares during the period. Finally, North Dakota State Investment Board bought a new position in shares of Vistra during the fourth quarter valued at about $1,875,000. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Friday, February 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $233.33.

Vistra Trading Down 0.1%

NYSE VST opened at $160.10 on Monday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. 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 50 day simple moving average of $154.20 and a two-hundred day simple moving average of $161.89. The stock has a market cap of $53.98 billion, a P/E ratio of 26.82 and a beta of 1.40.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.24%.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president 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 the SEC website. Also, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.92% of the stock is currently owned by corporate insiders.

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.