SPX Gestao de Recursos Ltda Lowers Holdings in Vistra Corp. $VST

SPX Gestao de Recursos Ltda cut its holdings in Vistra Corp. (NYSE:VST) by 39.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,500 shares of the company’s stock after selling 138,500 shares during the period. Vistra accounts for 3.5% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 10th biggest position. SPX Gestao de Recursos Ltda’s holdings in Vistra were worth $41,633,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VST. Salomon & Ludwin LLC bought a new stake in Vistra during the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new position in shares of Vistra in the third quarter valued at $25,000. Archer Investment Corp raised its stake in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Vistra during the 2nd quarter worth about $28,000. Finally, Anfield Capital Management LLC bought a new position in Vistra in the 2nd quarter worth about $29,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value of $3,605,774.55. Following the transaction, the chief executive officer owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.42% of the company’s stock.

Vistra Stock Down 5.2%

VST stock opened at $158.76 on Friday. The company’s 50 day moving average is $163.60 and its 200 day moving average is $179.50. The stock has a market cap of $53.79 billion, a price-to-earnings ratio of 73.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. The company has a current ratio of 0.78, a quick ratio of 0.88 and a debt-to-equity ratio of 6.01. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 41.94%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VST. KeyCorp assumed coverage on Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $241.00 price objective on shares of Vistra in a research note on Monday. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Friday, February 6th. Bank of America lowered their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $236.40.

Vistra 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.