Overbrook Management Corp Acquires Shares of 49,043 Vistra Corp. $VST

Overbrook Management Corp acquired a new stake in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,043 shares of the company’s stock, valued at approximately $7,912,000. Vistra accounts for about 1.4% of Overbrook Management Corp’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in Vistra by 1.4% during the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after buying an additional 226,514 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Vistra by 15.1% during the 3rd 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 during the period. Norges Bank bought a new stake in Vistra in the 2nd quarter worth $930,080,000. Invesco Ltd. grew its holdings in Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after acquiring an additional 35,258 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Vistra by 11.3% in the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after acquiring an additional 303,573 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 3.7%

NYSE:VST opened at $151.48 on Tuesday. The company has a 50-day moving average price of $163.18 and a 200-day moving average price of $176.97. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01. The stock has a market cap of $51.28 billion, a price-to-earnings ratio of 69.81, a P/E/G ratio of 0.88 and a beta of 1.42.

Vistra (NYSE:VST) last announced its quarterly earnings results 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). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 41.94%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the transaction, 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. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. KeyCorp started coverage on shares of Vistra in a research note on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective for the company. UBS Group boosted their price target on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on Vistra from $239.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $236.87.

Vistra 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.