Campbell Capital Management Inc. Has $11.18 Million Stake in Vistra Corp. $VST

Campbell Capital Management Inc. trimmed its stake in Vistra Corp. (NYSE:VST) by 18.5% during the 2nd quarter, Holdings Channel reports. The firm owned 57,676 shares of the company’s stock after selling 13,110 shares during the quarter. Vistra comprises approximately 4.4% of Campbell Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Campbell Capital Management Inc.’s holdings in Vistra were worth $11,178,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. raised its holdings in shares of Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after acquiring an additional 67 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after buying an additional 71 shares during the last quarter. Fogel Capital Management Inc. increased its position in shares of Vistra by 0.9% during the 2nd 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 during the last quarter. Red Mountain Financial LLC raised its stake in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after acquiring an additional 74 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James A. Burke sold 21,935 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total value of $4,091,535.55. Following the sale, the chief executive officer directly owned 271,074 shares in the company, valued at approximately $50,563,433.22. This trade represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 784,299 shares of company stock worth $155,981,703 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VST. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. TD Cowen began coverage on shares of Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Evercore ISI upped their target price on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company initiated coverage on Vistra in a research note on Monday, October 27th. They set an “overweight” rating and a $238.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $233.20.

Vistra Price Performance

Shares of VST stock opened at $170.20 on Friday. The stock’s 50-day moving average is $185.27 and its 200 day moving average is $189.96. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market cap of $57.67 billion, a P/E ratio of 61.44, a PEG ratio of 2.94 and a beta of 1.39.

Vistra (NYSE:VST) last released its quarterly earnings results 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 net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.227 dividend. 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%. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s dividend payout ratio is 32.49%.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.