Vistra Corp. $VST is AXQ Capital LP’s 3rd Largest Position

AXQ Capital LP raised its holdings in shares of Vistra Corp. (NYSE:VST) by 156.4% in the third quarter, Holdings Channel.com reports. The firm owned 9,487 shares of the company’s stock after buying an additional 5,787 shares during the period. Vistra comprises 0.7% of AXQ Capital LP’s portfolio, making the stock its 3rd largest holding. AXQ Capital LP’s holdings in Vistra were worth $1,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgewater Advisors Inc. raised its holdings in Vistra by 3.1% in the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after acquiring an additional 53 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of Vistra by 7.1% in the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Vistra by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock valued at $642,000 after purchasing an additional 63 shares in the last quarter. Wealth Effects LLC lifted its position in shares of Vistra by 1.1% during the third quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock worth $1,133,000 after purchasing an additional 65 shares during the last quarter. Finally, Guardian Asset Advisors LLC increased its holdings in Vistra by 3.0% in the third quarter. Guardian Asset Advisors LLC now owns 2,281 shares of the company’s stock valued at $447,000 after buying an additional 66 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Down 2.3%

Vistra stock opened at $167.40 on Tuesday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The stock has a market capitalization of $56.72 billion, a PE ratio of 60.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The firm has a 50 day simple moving average of $162.76 and a 200-day simple moving average of $181.34. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88.

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 issued a $0.228 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s dividend payout ratio is currently 32.85%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VST. UBS Group boosted their price target on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wells Fargo & Company decreased their price target on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Scotiabank boosted their price objective on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. KeyCorp initiated coverage on shares of Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 target price on the stock. Finally, Evercore lifted 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. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus target price of $236.73.

About Vistra

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.