Vistra Corp. $VST Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. lifted its holdings in Vistra Corp. (NYSE:VST) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,678 shares of the company’s stock after buying an additional 5,476 shares during the quarter. Congress Asset Management Co.’s holdings in Vistra were worth $5,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Vistra in the third quarter valued at about $1,445,000. Fisher Funds Management LTD purchased a new stake in shares of Vistra during the 3rd quarter worth approximately $1,241,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Vistra during the 3rd quarter worth approximately $8,755,000. Envestnet Asset Management Inc. grew its holdings in shares of Vistra by 49.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after acquiring an additional 122,545 shares during the period. Finally, Teamwork Financial Advisors LLC grew its holdings in shares of Vistra by 39.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock worth $12,722,000 after acquiring an additional 22,492 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America reduced their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating and issued a $215.00 target price on shares of Vistra in a report on Friday, February 20th. Scotiabank raised their price target on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Friday, February 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $236.87.

Vistra Price Performance

VST stock opened at $151.24 on Thursday. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. The stock’s 50 day moving average price is $162.45 and its 200 day moving average price is $176.55. The firm has a market cap of $51.20 billion, a P/E ratio of 69.69, a PEG ratio of 0.93 and a beta of 1.42.

Vistra (NYSE:VST) last announced its earnings results on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. On average, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 41.94%.

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.