CoreCap Advisors LLC Purchases 7,347 Shares of Vistra Corp. $VST

CoreCap Advisors LLC lifted its position in shares of Vistra Corp. (NYSE:VST) by 105.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,314 shares of the company’s stock after purchasing an additional 7,347 shares during the period. CoreCap Advisors LLC’s holdings in Vistra were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VST. Salomon & Ludwin LLC acquired a new position in Vistra in the 3rd quarter valued at $25,000. Quent Capital LLC acquired a new stake in shares of Vistra during the third quarter worth $25,000. Archer Investment Corp boosted its position in shares of Vistra by 2,700.0% in 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. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra in the second quarter valued at about $28,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Vistra in the third quarter valued at about $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Up 2.3%

VST opened at $155.77 on Friday. The stock has a market capitalization of $52.74 billion, a price-to-earnings ratio of 71.79, a P/E/G ratio of 0.93 and a beta of 1.42. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a 50-day simple moving average of $161.67 and a 200 day simple moving average of $176.16.

Vistra (NYSE:VST) last issued its earnings results on Thursday, February 26th. The company reported $2.18 EPS 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 during the quarter, compared to analyst estimates of $5.75 billion. Analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction 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 owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on VST. Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and raised their price target for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. UBS Group increased their target price on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Bank of America lowered 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. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $236.87.

Vistra 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.