Vistra Corp. $VST Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC lessened its stake in Vistra Corp. (NYSE:VST) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,841 shares of the company’s stock after selling 23,201 shares during the period. Vistra comprises approximately 1.5% of Eventide Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Eventide Asset Management LLC’s holdings in Vistra were worth $90,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brevan Howard Capital Management LP increased its holdings in shares of Vistra by 711.8% during the 3rd quarter. Brevan Howard Capital Management LP now owns 50,146 shares of the company’s stock valued at $9,825,000 after purchasing an additional 43,969 shares in the last quarter. Clearfield Capital Management LP boosted its holdings in Vistra by 9.1% during the third quarter. Clearfield Capital Management LP now owns 59,000 shares of the company’s stock worth $11,559,000 after buying an additional 4,900 shares in the last quarter. Coatue Management LLC grew its position in Vistra by 7.7% during the third quarter. Coatue Management LLC now owns 512,811 shares of the company’s stock valued at $100,470,000 after buying an additional 36,642 shares during the period. Clark Capital Management Group Inc. grew its position in Vistra by 32.2% during the third quarter. Clark Capital Management Group Inc. now owns 2,433 shares of the company’s stock valued at $477,000 after buying an additional 593 shares during the period. Finally, Clear Street Group Inc. purchased a new position in Vistra in the third quarter valued at $2,902,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra 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 sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on VST shares. Scotiabank upped their price objective on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and raised their target price for the company from $191.00 to $203.00 in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating and set a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. Finally, KeyCorp began coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $236.40.

Vistra Stock Down 0.3%

VST stock opened at $159.09 on Friday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The firm has a 50-day simple moving average of $163.48 and a 200-day simple moving average of $178.34. The stock has a market capitalization of $53.90 billion, a P/E ratio of 73.31, a P/E/G ratio of 0.96 and a beta of 1.42.

Vistra (NYSE:VST) last issued its quarterly 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 net margin of 5.32% and a return on equity of 81.09%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $5.75 billion. Equities 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. Stockholders of record on Friday, March 20th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 20th. Vistra’s dividend payout ratio (DPR) is 41.94%.

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.