Picton Mahoney Asset Management Sells 17,631 Shares of Vistra Corp. $VST

Picton Mahoney Asset Management lowered its holdings in Vistra Corp. (NYSE:VST) by 20.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,539 shares of the company’s stock after selling 17,631 shares during the period. Picton Mahoney Asset Management’s holdings in Vistra were worth $13,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 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. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra during the 2nd quarter valued at $28,000. Archer Investment Corp lifted its holdings in Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. Finally, Anfield Capital Management LLC purchased a new stake in Vistra during the 2nd quarter worth about $29,000. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on VST. Morgan Stanley reiterated an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Bank of America decreased their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Scotiabank raised their price target on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Vistra has an average rating of “Buy” and a consensus target price of $236.40.

Vistra Trading Up 1.1%

Shares of VST opened at $163.42 on Thursday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a market capitalization of $55.37 billion, a P/E ratio of 75.31, a P/E/G ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.78 and a quick ratio of 0.88. The firm’s 50 day simple moving average is $163.55 and its 200 day simple moving average is $179.87.

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 forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.228 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s payout ratio is currently 41.94%.

Insider Transactions at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the transaction, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by company 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.