Silvant Capital Management LLC Has $12.64 Million Stock Position in Vistra Corp. $VST

Silvant Capital Management LLC lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 6.7% during the third quarter, Holdings Channel.com reports. The firm owned 64,512 shares of the company’s stock after selling 4,608 shares during the quarter. Silvant Capital Management LLC’s holdings in Vistra were worth $12,639,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Vistra during the third quarter worth about $25,000. Quent Capital LLC bought a new stake in Vistra in the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Vistra in the second quarter valued at approximately $28,000. Archer Investment Corp increased its position in 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. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra during the 3rd quarter valued at approximately $28,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 0.5%

Shares of Vistra stock opened at $164.38 on Wednesday. The stock has a market capitalization of $55.70 billion, a PE ratio of 75.75, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a 50 day moving average price of $163.68 and a two-hundred day moving average price of $178.95. 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 (NYSE:VST) last issued its earnings results 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 return on equity of 81.09% and a net margin of 5.32%.The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insider Buying and Selling at Vistra

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. KeyCorp started coverage on shares of Vistra in a research report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Bank of America dropped their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Finally, Scotiabank upped their target price on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Vistra has a consensus rating of “Buy” and a consensus target price of $236.40.

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.