Blair William & Co. IL Boosts Holdings in Vistra Corp. $VST

Blair William & Co. IL grew its stake in shares of Vistra Corp. (NYSE:VST) by 74.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,033 shares of the company’s stock after purchasing an additional 9,404 shares during the period. Blair William & Co. IL’s holdings in Vistra were worth $4,317,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VST. Norges Bank purchased a new position in Vistra during the second quarter valued at $930,080,000. Alkeon Capital Management LLC grew its position in shares of Vistra by 280.6% in the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock worth $262,876,000 after buying an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after buying an additional 930,912 shares during the period. Invesco Ltd. increased its stake in shares of Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after acquiring an additional 913,350 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd bought a new position in shares of Vistra in the 2nd quarter worth about $145,987,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 3.2%

Shares of Vistra stock opened at $159.20 on Thursday. Vistra Corp. has a twelve month low of $90.51 and a twelve month 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 company’s 50 day moving average is $163.64 and its 200 day moving average is $178.81. The company has a market cap of $53.94 billion, a price-to-earnings ratio of 73.36, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.

Vistra (NYSE:VST) last announced its 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 for the quarter, compared to analysts’ expectations of $5.75 billion. Research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared 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 represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 41.94%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VST. KeyCorp started coverage on shares of Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Wells Fargo & Company dropped their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Scotiabank upped their price target on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $236.40.

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.