Oak Ridge Investments LLC Takes $1.65 Million Position in Vistra Corp. $VST

Oak Ridge Investments LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel.com reports. The firm acquired 8,418 shares of the company’s stock, valued at approximately $1,649,000.

Several other hedge funds also recently bought and sold shares of VST. Salomon & Ludwin LLC purchased a new stake in Vistra in the 3rd quarter worth approximately $25,000. Quent Capital LLC bought a new position in shares of Vistra in the third quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Vistra in the second quarter worth $28,000. Anfield Capital Management LLC bought a new stake in Vistra during the second quarter valued at $29,000. Finally, City State Bank grew its position in Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VST shares. JPMorgan Chase & Co. lowered their price target on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Wells Fargo & Company began coverage on shares of Vistra in a research note on Monday, October 27th. They issued an “overweight” rating and a $238.00 target price on the stock. UBS Group lifted their target price on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $239.40.

Insider Activity

In other Vistra news, CEO James A. Burke sold 22,251 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the transaction, the chief executive officer owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This trade represents a 15.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 278,995 shares of company stock valued at $50,757,547. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Vistra stock opened at $166.93 on Friday. The firm has a fifty day simple moving average of $169.20 and a two-hundred day simple moving average of $187.86. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a market capitalization of $56.56 billion, a PE ratio of 60.26, a P/E/G ratio of 1.03 and a beta of 1.41.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.227 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. Vistra’s payout ratio is presently 32.49%.

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.