Gateway Investment Advisers LLC Boosts Stake in Vistra Corp. $VST

Gateway Investment Advisers LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 426.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,786 shares of the company’s stock after buying an additional 13,597 shares during the period. Gateway Investment Advisers LLC’s holdings in Vistra were worth $3,289,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VST. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Vistra during the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Vistra during the second quarter valued at $28,000. Anfield Capital Management LLC purchased a new position in shares of Vistra in the 2nd quarter worth $29,000. Finally, City State Bank grew its stake in shares of Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of analyst reports. Cowen began coverage on shares of Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $228.00 price objective on shares of Vistra in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. Finally, TD Cowen assumed coverage on Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $232.40.

Vistra Price Performance

VST opened at $165.20 on Monday. The business has a fifty day moving average of $174.13 and a 200 day moving average of $189.36. The stock has a market cap of $55.97 billion, a P/E ratio of 59.64, a PEG ratio of 1.69 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.227 per share. 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 dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. Vistra’s payout ratio is 32.85%.

Insider Activity at Vistra

In other news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares in the company, valued at approximately $51,772,476. This trade represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James A. Burke sold 41,426 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $201.32, for a total value of $8,339,882.32. Following the completion of the transaction, the chief executive officer directly owned 246,522 shares of the company’s stock, valued at approximately $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 489,577 shares of company stock valued at $94,162,799 over the last ninety days. 1.42% of the stock is owned by company insiders.

About Vistra

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.