Goelzer Investment Management Inc. Takes Position in Vistra Corp. $VST

Goelzer Investment Management Inc. purchased a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,098 shares of the company’s stock, valued at approximately $1,145,000.

A number of other large investors also recently bought and sold shares of the business. Alkeon Capital Management LLC grew its holdings in Vistra by 280.6% in the second quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after purchasing an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after buying an additional 930,912 shares in the last quarter. Invesco Ltd. raised its stake in shares of Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after buying an additional 913,350 shares during the period. Palidye Holdings Caymans Ltd purchased a new position in shares of Vistra during the 2nd quarter valued at approximately $145,987,000. Finally, Situational Awareness LP lifted its position in shares of Vistra by 142.3% during the 2nd quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after buying an additional 748,332 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on VST shares. Bank of America cut their price target on shares of Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $215.00 price objective on shares of Vistra in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. 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, UBS Group raised their price target on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $236.87.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 0.2%

Shares of VST stock opened at $155.77 on Monday. The stock’s fifty day moving average is $161.67 and its two-hundred day moving average is $175.80. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. The firm has a market capitalization of $52.74 billion, a P/E ratio of 71.79, a PEG ratio of 0.95 and a beta of 1.42. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last released its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. 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. Investors of record on Friday, March 20th will be given a dividend of $0.228 per share. The ex-dividend date is Friday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is presently 41.94%.

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.