Kingsview Wealth Management LLC Has $2.46 Million Holdings in Vistra Corp. $VST

Kingsview Wealth Management LLC lessened its stake in shares of Vistra Corp. (NYSE:VST) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,538 shares of the company’s stock after selling 4,250 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Vistra were worth $2,456,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VST. 111 Capital bought a new position in shares of Vistra in the 3rd quarter valued at approximately $653,000. Arete Wealth Advisors LLC grew its holdings in Vistra by 5.8% during the third quarter. Arete Wealth Advisors LLC now owns 3,287 shares of the company’s stock valued at $643,000 after purchasing an additional 179 shares during the last quarter. Holderness Investments Co. raised its position in shares of Vistra by 12.6% in the third quarter. Holderness Investments Co. now owns 2,863 shares of the company’s stock valued at $561,000 after purchasing an additional 320 shares during the period. American Century Companies Inc. lifted its stake in shares of Vistra by 1.7% in the third quarter. American Century Companies Inc. now owns 1,711,220 shares of the company’s stock worth $335,263,000 after buying an additional 28,338 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Vistra by 1.4% in the third quarter. Huntington National Bank now owns 5,259 shares of the company’s stock worth $1,030,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on VST. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Evercore lifted their price objective on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Bank of America cut their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, KeyCorp started coverage on Vistra in a research note on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $236.40.

Vistra Stock Performance

NYSE VST opened at $163.42 on Thursday. The company’s fifty day moving average is $163.55 and its two-hundred day moving average is $179.87. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.78 and a quick ratio of 0.88. The firm has a market capitalization of $55.37 billion, a price-to-earnings ratio of 75.31, a P/E/G ratio of 0.98 and a beta of 1.42.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $5.75 billion. Equities research analysts forecast 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 $0.228 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 41.94%.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

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.