McBroom & Associates LLC Increases Stake in Vistra Corp. $VST

McBroom & Associates LLC increased its holdings in Vistra Corp. (NYSE:VST) by 61.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,975 shares of the company’s stock after acquiring an additional 13,345 shares during the quarter. Vistra makes up about 3.3% of McBroom & Associates LLC’s investment portfolio, making the stock its 15th largest position. McBroom & Associates LLC’s holdings in Vistra were worth $6,852,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Wealth Effects LLC increased its holdings in Vistra by 1.1% during the third quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock valued at $1,133,000 after buying an additional 65 shares during the period. Bridgewater Advisors Inc. lifted its stake in shares of Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after purchasing an additional 67 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Vistra by 2.2% during the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after purchasing an additional 71 shares in the last quarter. Fogel Capital Management Inc. boosted its position in Vistra by 0.9% during the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after purchasing an additional 72 shares in the last quarter. Finally, Forefront Wealth Management Inc. raised its holdings in Vistra by 6.0% in the third quarter. Forefront Wealth Management Inc. now owns 1,278 shares of the company’s stock worth $250,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares in the company, valued at $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value of $3,605,774.55. Following the sale, the chief executive officer directly owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 278,995 shares of company stock valued at $50,757,547 over the last 90 days. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VST. TD Cowen initiated coverage on shares of Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective on the stock. Bank of America reduced their price target on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. UBS Group increased their price objective on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a report on Monday, January 12th. Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, KeyCorp assumed coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $239.40.

Vistra Stock Performance

Shares of VST opened at $166.93 on Friday. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a 50-day moving average of $169.20 and a two-hundred day moving average of $187.86. The stock has a market cap of $56.56 billion, a P/E ratio of 60.26, a P/E/G ratio of 1.03 and a beta of 1.41. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.227 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

About Vistra

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.