Orion Porfolio Solutions LLC Acquires 3,614 Shares of Vistra Corp. $VST

Orion Porfolio Solutions LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,389 shares of the company’s stock after buying an additional 3,614 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Vistra were worth $5,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bridgewater Advisors Inc. lifted its holdings in shares of Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after acquiring an additional 53 shares during the last quarter. Y.D. More Investments Ltd grew its position in Vistra by 7.1% in the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares in the last quarter. Ballentine Partners LLC increased its stake in Vistra by 2.0% during the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after acquiring an additional 63 shares during the last quarter. Wealth Effects LLC raised its position 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 purchasing an additional 65 shares during the period. Finally, Guardian Asset Advisors LLC raised its position in Vistra by 3.0% during the third quarter. Guardian Asset Advisors LLC now owns 2,281 shares of the company’s stock valued at $447,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Scotiabank lifted their target price on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. UBS Group lifted their price objective on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. Three 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $236.40.

Vistra Trading Down 5.2%

Shares of NYSE VST opened at $158.76 on Friday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.88 and a current ratio of 0.78. The company has a market cap of $53.79 billion, a price-to-earnings ratio of 73.16, a PEG ratio of 0.96 and a beta of 1.42. The business’s 50 day moving average price is $163.60 and its 200-day moving average price is $179.41.

Vistra (NYSE:VST) last posted its quarterly earnings data 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). The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. On average, sell-side analysts expect 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. Stockholders of record on Friday, March 20th will be paid a dividend of $0.228 per share. 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 0.6%. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s payout ratio is presently 41.94%.

Insider Activity

In other news, CEO James A. Burke sold 22,251 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total value of $3,605,774.55. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.