Procyon Advisors LLC Increases Stock Holdings in Vistra Corp. $VST

Procyon Advisors LLC lifted its position in shares of Vistra Corp. (NYSE:VST) by 395.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,635 shares of the company’s stock after buying an additional 4,497 shares during the quarter. Procyon Advisors LLC’s holdings in Vistra were worth $909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Vistra during the third quarter worth $1,445,000. Fisher Funds Management LTD acquired a new position in shares of Vistra in the third quarter worth $1,241,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Vistra in the third quarter valued at $8,755,000. Envestnet Asset Management Inc. lifted its position in shares of Vistra by 49.2% in the third quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock valued at $72,784,000 after acquiring an additional 122,545 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Vistra during the third quarter valued at $2,059,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Vistra from $239.00 to $240.00 and gave the stock 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 price target on the stock in a research note on Friday, February 6th. Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and lifted their price target for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $236.87.

Insider Transactions at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $151.48 on Tuesday. The stock has a fifty day moving average price of $163.18 and a 200 day moving average price of $176.97. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a market capitalization of $51.28 billion, a P/E ratio of 69.81, a PEG ratio of 0.88 and a beta of 1.42. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last issued its quarterly 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). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a $0.228 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s dividend payout ratio is 41.94%.

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.