Contravisory Investment Management Inc. Purchases 38,238 Shares of Vistra Corp. $VST

Contravisory Investment Management Inc. grew its position in Vistra Corp. (NYSE:VST) by 18,652.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,443 shares of the company’s stock after purchasing an additional 38,238 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Vistra were worth $6,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new stake in Vistra in the 3rd quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Vistra in the 2nd quarter worth $28,000. Archer Investment Corp raised its holdings in Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra in the third quarter valued at about $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VST. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. KeyCorp assumed coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. Morgan Stanley restated an “overweight” rating and issued a $215.00 price target on shares of Vistra in a research note on Friday, February 20th. Bank of America reduced their price objective on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Scotiabank boosted their target price on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $236.87.

Vistra Price Performance

NYSE:VST opened at $151.48 on Tuesday. The business’s 50-day moving average is $163.18 and its 200 day moving average is $176.97. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market capitalization of $51.28 billion, a P/E ratio of 69.81, a P/E/G ratio of 0.88 and a beta of 1.42. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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