Procyon Advisors LLC Raises Holdings in Vistra Corp. $VST

Procyon Advisors LLC boosted its position in Vistra Corp. (NYSE:VST) by 395.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,635 shares of the company’s stock after purchasing an additional 4,497 shares during the quarter. Procyon Advisors LLC’s holdings in Vistra were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Salomon & Ludwin LLC purchased a new position in shares of Vistra in the 3rd quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Vistra during the 3rd quarter worth about $25,000. Archer Investment Corp grew its holdings in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth approximately $28,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares of the company’s stock, valued at $18,340,906.79. The trade was a 8.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $151.48 on Tuesday. The firm has a market capitalization of $51.28 billion, a PE ratio of 69.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.42. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The stock’s 50 day moving average price is $163.18 and its 200 day moving average price is $176.97. 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 issued its quarterly earnings data 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). The firm had revenue of $4.58 billion during 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%. As a group, sell-side analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research note on Monday, March 2nd. Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and lifted their target price for the company from $191.00 to $203.00 in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vistra from $239.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.