Alta Capital Management LLC Has $11.54 Million Stake in Vistra Corp. $VST

Alta Capital Management LLC increased its position in Vistra Corp. (NYSE:VST) by 42.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 71,532 shares of the company’s stock after purchasing an additional 21,437 shares during the period. Alta Capital Management LLC’s holdings in Vistra were worth $11,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Vanguard Group Inc. boosted its stake in shares of Vistra by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after buying an additional 390,157 shares during the period. Invesco Ltd. boosted its stake in shares of Vistra by 0.8% during the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after buying an additional 35,258 shares during the period. Franklin Resources Inc. boosted its stake in shares of Vistra by 11.3% during the 3rd quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after buying an additional 303,573 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Vistra by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,344,142 shares of the company’s stock valued at $459,264,000 after buying an additional 16,321 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Vistra by 9.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,056,544 shares of the company’s stock valued at $402,951,000 after buying an additional 178,835 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 2.1%

VST stock opened at $136.68 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 1 year low of $133.86 and a 1 year high of $219.82. The company has a fifty day simple moving average of $155.72 and a 200 day simple moving average of $164.17. The firm has a market cap of $46.09 billion, a PE ratio of 22.90, a PEG ratio of 0.79 and a beta of 1.43.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. Vistra’s dividend payout ratio is currently 15.24%.

Insider Transactions at Vistra

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

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. TD Cowen decreased their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and set a $208.00 target price on shares of Vistra in a research note on Tuesday, April 21st. Wells Fargo & Company decreased their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and set a $241.00 target price on shares of Vistra in a research note on Monday, March 2nd. Finally, Jefferies Financial Group raised 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 research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $233.93.

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.