Oak Grove Capital LLC Raises Stock Position in Vistra Corp. $VST

Oak Grove Capital LLC raised its position in shares of Vistra Corp. (NYSE:VST) by 85.6% in the fourth quarter, HoldingsChannel reports. The firm owned 43,810 shares of the company’s stock after acquiring an additional 20,200 shares during the period. Vistra comprises about 0.8% of Oak Grove Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Oak Grove Capital LLC’s holdings in Vistra were worth $7,068,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sit Investment Associates Inc. bought a new stake in shares of Vistra in the fourth quarter valued at about $3,081,000. MidFirst Bank bought a new position in Vistra during the 4th quarter worth about $134,000. Astoria Portfolio Advisors LLC. bought a new position in Vistra during the 4th quarter worth about $201,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Vistra during the 4th quarter valued at about $271,000. Finally, Virtu Financial LLC increased its position in Vistra by 10.0% during the 4th quarter. Virtu Financial LLC now owns 26,937 shares of the company’s stock valued at $4,346,000 after purchasing an additional 2,438 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VST. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the company an “outperform” rating in a report on Tuesday. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price target on shares of Vistra in a research report on Monday. Finally, TD Cowen reduced their price target on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $230.44.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,088 shares of company stock valued at $5,634,227 in the last quarter. 0.92% of the stock is currently owned by company insiders.

Vistra Stock Up 3.0%

VST stock opened at $163.59 on Friday. The stock has a market capitalization of $55.16 billion, a PE ratio of 27.40 and a beta of 1.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The firm has a 50 day moving average of $154.05 and a 200 day moving average of $159.61.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Sell-side analysts forecast that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is presently 15.24%.

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.