CoreCap Advisors LLC Has $2.31 Million Stake in Vistra Corp. $VST

CoreCap Advisors LLC raised its stake in Vistra Corp. (NYSE:VST) by 105.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,314 shares of the company’s stock after acquiring an additional 7,347 shares during the quarter. CoreCap Advisors LLC’s holdings in Vistra were worth $2,309,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VST. Salomon & Ludwin LLC acquired a new position in Vistra during the 3rd quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in Vistra in the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra during the second quarter worth $28,000. Archer Investment Corp grew its stake in shares of Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Vistra during the third quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of Vistra stock opened at $155.77 on Friday. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 71.79, a P/E/G ratio of 0.93 and a beta of 1.42. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company’s fifty day moving average is $161.67 and its 200 day moving average is $176.16. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last announced its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.27). The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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 year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.228 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 0.6%. The ex-dividend date of this dividend is Friday, March 20th. Vistra’s payout ratio is presently 41.94%.

Insider Buying and Selling

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Scotiabank upped 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. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. Bank of America cut their price target on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Finally, UBS Group boosted their price target on Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Three equities research 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 stock. According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $236.87.

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.