Lake Street Private Wealth LLC Invests $4.39 Million in Vistra Corp. $VST

Lake Street Private Wealth LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,384 shares of the company’s stock, valued at approximately $4,385,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Vistra in the second quarter valued at about $930,080,000. Alkeon Capital Management LLC lifted its holdings in shares of Vistra by 280.6% during the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after purchasing an additional 1,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 15.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after purchasing an additional 930,912 shares in the last quarter. Invesco Ltd. grew its position in shares of Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after purchasing an additional 913,350 shares during the period. Finally, Palidye Holdings Caymans Ltd bought a new stake in Vistra during the 2nd quarter worth approximately $145,987,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $167.40 on Tuesday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a market cap of $56.72 billion, a P/E ratio of 60.43, a P/E/G ratio of 1.03 and a beta of 1.41. 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’s 50-day simple moving average is $162.76 and its 200 day simple moving average is $181.34.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.228 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. Vistra’s payout ratio is presently 32.85%.

Insider Activity

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VST. KeyCorp started coverage on shares of Vistra in a research note on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective 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. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Friday, February 6th. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and increased their target price for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. Finally, UBS Group lifted their price target on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued 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 an average price target of $236.73.

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.