Victory Capital Management Inc. Cuts Position in Vistra Corp. $VST

Victory Capital Management Inc. trimmed its position in shares of Vistra Corp. (NYSE:VST) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,532 shares of the company’s stock after selling 11,183 shares during the period. Victory Capital Management Inc.’s holdings in Vistra were worth $50,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Funds Management LTD bought a new stake in shares of Vistra in the 3rd quarter worth about $1,241,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Vistra in the second quarter worth about $292,000. Envestnet Asset Management Inc. grew its position in Vistra by 49.2% in the third 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 in the last quarter. National Pension Service increased its stake in Vistra by 6.3% during the third quarter. National Pension Service now owns 1,195,793 shares of the company’s stock worth $234,280,000 after acquiring an additional 70,693 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Vistra by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after purchasing an additional 35,444 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Vistra stock opened at $158.76 on Friday. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.78 and a quick ratio of 0.88. The stock has a market cap of $53.79 billion, a price-to-earnings ratio of 73.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. The firm has a 50-day moving average of $163.60 and a two-hundred day moving average of $179.50. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST) last issued 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 analysts’ expectations of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. On average, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VST shares. Scotiabank boosted their target price on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating and issued a $215.00 target price on shares of Vistra in a research note on Friday, February 20th. UBS Group lifted their price target on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $236.40.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the transaction, the chief executive officer owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.