Center For Asset Management LLC Reduces Holdings in Vistra Corp. $VST

Center For Asset Management LLC cut its stake in shares of Vistra Corp. (NYSE:VST) by 47.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,956 shares of the company’s stock after selling 3,548 shares during the quarter. Center For Asset Management LLC’s holdings in Vistra were worth $638,000 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 bought and sold shares of VST. Empowered Funds LLC raised its position in Vistra by 24.1% during the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after purchasing an additional 3,920 shares during the last quarter. Woodline Partners LP raised its position in Vistra by 40.7% during the 1st quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after purchasing an additional 8,312 shares during the last quarter. Focus Partners Wealth raised its position in Vistra by 37.3% during the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after purchasing an additional 2,125 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Vistra during the 2nd quarter valued at approximately $269,000. Finally, Slocum Gordon & Co LLP raised its position in Vistra by 20.0% during the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Up 1.4%

Shares of NYSE:VST opened at $153.78 on Wednesday. Vistra Corp. has a 52-week low of $99.24 and a 52-week high of $219.82. The firm has a market capitalization of $52.06 billion, a P/E ratio of 70.87, a P/E/G ratio of 0.92 and a beta of 1.49. The stock has a 50 day moving average price of $160.31 and a 200-day moving average price of $172.94. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a $0.228 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.91 annualized dividend 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 currently 41.94%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VST shares. Jefferies Financial Group raised Vistra from a “hold” rating to a “buy” rating and upped their price target for the company from $191.00 to $203.00 in a research report on Tuesday, February 10th. JPMorgan Chase & Co. upped their price target on Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. UBS Group upped their price target on Vistra from $230.00 to $233.00 and gave the company a “buy” 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 report on Friday, February 6th. Finally, Morgan Stanley reaffirmed 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $236.87.

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.