Cwm LLC Acquires 1,498 Shares of Vistra Corp. (NYSE:VST)

Cwm LLC increased its holdings in shares of Vistra Corp. (NYSE:VST) by 58.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,046 shares of the company’s stock after buying an additional 1,498 shares during the period. Cwm LLC’s holdings in Vistra were worth $156,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Comerica Bank raised its position in shares of Vistra by 90.4% in the 3rd quarter. Comerica Bank now owns 327,520 shares of the company’s stock valued at $10,867,000 after acquiring an additional 155,533 shares during the period. Ellsworth Advisors LLC bought a new position in shares of Vistra during the fourth quarter worth $773,000. Burns Matteson Capital Management LLC bought a new position in shares of Vistra during the fourth quarter worth $831,000. Chicago Capital LLC bought a new position in shares of Vistra during the fourth quarter worth $2,716,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Vistra by 323.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,554 shares of the company’s stock valued at $151,000 after buying an additional 3,479 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Scott A. Hudson sold 86,517 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $15,069,030.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Scott A. Hudson sold 86,517 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $15,069,030.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders sold 257,285 shares of company stock worth $15,404,397 in the last quarter. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Janney Montgomery Scott assumed coverage on Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. BMO Capital Markets increased their target price on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $78.00 price target on shares of Vistra in a research note on Monday, March 25th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price of $67.20.

Vistra Stock Up 2.0 %

Shares of Vistra stock opened at $81.49 on Monday. The firm has a market cap of $28.35 billion, a PE ratio of 22.76 and a beta of 1.02. The business’s 50 day simple moving average is $66.79 and its 200 day simple moving average is $48.28. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18. Vistra Corp. has a 52-week low of $22.69 and a 52-week high of $83.03.

Vistra (NYSE:VST) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. On average, analysts predict that Vistra Corp. will post 3.61 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, June 18th. Vistra’s dividend payout ratio is currently 24.02%.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.