Vistra Corp. $VST Holdings Trimmed by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,729 shares of the company’s stock after selling 3,256 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Vistra were worth $1,514,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $215.00 price objective on shares of Vistra in a research report on Friday, February 20th. KeyCorp initiated coverage on shares of Vistra in a research report on Monday, November 24th. They issued an “overweight” rating and a $217.00 target price for the company. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $236.40.

Vistra Stock Down 3.2%

Shares of Vistra stock opened at $159.20 on Thursday. The firm has a market cap of $53.94 billion, a price-to-earnings ratio of 73.36, a P/E/G ratio of 0.99 and a beta of 1.42. The stock has a 50-day simple moving average of $163.64 and a 200-day simple moving average of $178.81. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.78 and a quick ratio of 0.69.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a dividend of $0.228 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is currently 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.