Westover Capital Advisors LLC Acquires New Holdings in Vistra Corp. (NYSE:VST)

Westover Capital Advisors LLC bought a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, HoldingsChannel reports. The fund bought 74,698 shares of the company’s stock, valued at approximately $2,877,000. Vistra accounts for about 0.9% of Westover Capital Advisors LLC’s holdings, making the stock its 29th largest holding.

Several other large investors also recently made changes to their positions in VST. AE Wealth Management LLC bought a new stake in Vistra during the 3rd quarter valued at $268,000. Asset Management One Co. Ltd. increased its position in shares of Vistra by 22.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 166,025 shares of the company’s stock valued at $5,509,000 after purchasing an additional 30,712 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Vistra by 33.6% in the third quarter. Commonwealth Equity Services LLC now owns 27,240 shares of the company’s stock valued at $904,000 after buying an additional 6,849 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Vistra by 45.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 70,717 shares of the company’s stock valued at $2,346,000 after buying an additional 22,217 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Vistra by 99.8% during the third quarter. Xponance Inc. now owns 57,862 shares of the company’s stock worth $1,920,000 after acquiring an additional 28,908 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VST. Morgan Stanley reaffirmed an “overweight” rating and issued a $78.00 price target on shares of Vistra in a report on Monday, March 25th. BMO Capital Markets upped their price objective on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Janney Montgomery Scott began coverage on Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI boosted their price target on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $67.20.

Vistra Price Performance

Shares of VST traded up $3.65 during mid-day trading on Thursday, hitting $80.51. 4,737,343 shares of the company traded hands, compared to its average volume of 5,070,820. The business has a 50-day moving average of $65.49 and a 200 day moving average of $47.49. The stock has a market capitalization of $28.01 billion, a price-to-earnings ratio of 21.48 and a beta of 1.02. Vistra Corp. has a one year low of $22.69 and a one year high of $80.73. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26.

Vistra (NYSE:VST) last released its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. As a group, equities analysts expect that Vistra Corp. will post 3.61 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were paid a $0.215 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. This represents a $0.86 annualized dividend and a yield of 1.07%. Vistra’s payout ratio is presently 24.02%.

Insider Buying and Selling

In related news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the transaction, the executive vice president now owns 161,888 shares in the company, valued at $9,470,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Scott A. Hudson sold 86,517 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $15,069,030.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total value of $5,734,170.00. Following the sale, the executive vice president now directly owns 161,888 shares in the company, valued at approximately $9,470,448. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,285 shares of company stock worth $15,404,397. 1.42% of the stock is owned by insiders.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.