Vistra Corp. $VST Stock Holdings Lifted by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Vistra Corp. (NYSE:VST) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,000 shares of the company’s stock after purchasing an additional 26,000 shares during the quarter. Vistra comprises about 1.4% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s investment portfolio, making the stock its 21st largest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Vistra were worth $30,990,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Vistra during the second quarter worth about $4,610,496,000. State Street Corp increased its position in Vistra by 0.5% during the second quarter. State Street Corp now owns 16,850,452 shares of the company’s stock worth $2,672,987,000 after acquiring an additional 79,972 shares during the period. Dimensional Fund Advisors LP increased its stake in Vistra by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock worth $516,616,000 after acquiring an additional 32,982 shares during the period. Bank of America Corp DE acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $468,354,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Vistra during the 2nd quarter worth $381,938,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent research reports. Scotiabank upped their target price on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce assumed coverage on Vistra in a report on Thursday, October 15th. They issued an “outperform” rating and a $201.00 target price for the company. Weiss Ratings cut Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Morgan Stanley dropped their target price on Vistra from $227.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, BNP Paribas Exane set a $255.00 target price on Vistra in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.38.

Vistra Trading Up 1.2%

NYSE:VST opened at $141.84 on Tuesday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $203.66. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The firm’s 50 day moving average is $145.08 and its 200 day moving average is $154.09. The stock has a market capitalization of $47.61 billion, a PE ratio of 23.96 and a beta of 1.38.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Sell-side analysts expect that Vistra Corp. will post 9.13 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.2290. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 21st. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insider Activity at Vistra

In related news, CEO James Burke acquired 4,465 shares of the stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the transaction, the chief executive officer owned 1,146,352 shares in the company, valued at $155,044,108. This represents a 0.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 22,222 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $160.14, for a total value of $3,558,631.08. Following the completion of the sale, the executive vice president directly owned 308,915 shares of the company’s stock, valued at approximately $49,469,648.10. This represents a 6.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.92% of the company’s stock.

About Vistra

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.