Contravisory Investment Management Inc. Increases Holdings in Vistra Corp. $VST

Contravisory Investment Management Inc. lifted its holdings in Vistra Corp. (NYSE:VST) by 18,652.7% in the fourth quarter, Holdings Channel reports. The fund owned 38,443 shares of the company’s stock after purchasing an additional 38,238 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Vistra were worth $6,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vistra in the third quarter valued at $1,445,000. Fisher Funds Management LTD bought a new position in Vistra during the 3rd quarter valued at about $1,241,000. CIBC Bancorp USA Inc. bought a new position in Vistra during the 3rd quarter valued at about $8,755,000. Envestnet Asset Management Inc. raised its position in Vistra by 49.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after purchasing an additional 122,545 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Vistra in the third quarter worth about $2,059,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VST shares. JPMorgan Chase & Co. boosted their target price on Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Scotiabank boosted their price objective on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $215.00 price objective on shares of Vistra in a research report on Friday, February 20th. Finally, Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and lifted their target price for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $236.87.

Vistra Price Performance

NYSE VST opened at $151.48 on Tuesday. The company has a market cap of $51.28 billion, a PE ratio of 69.81, a P/E/G ratio of 0.88 and a beta of 1.42. The firm’s 50 day moving average price is $163.18 and its 200-day moving average price is $176.97. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. Sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 41.94%.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is owned by company insiders.

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.