Doheny Asset Management CA Grows Stock Position in Vistra Corp. $VST

Doheny Asset Management CA increased its stake in shares of Vistra Corp. (NYSE:VST) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,652 shares of the company’s stock after purchasing an additional 4,055 shares during the quarter. Vistra accounts for 4.5% of Doheny Asset Management CA’s holdings, making the stock its 5th biggest holding. Doheny Asset Management CA’s holdings in Vistra were worth $7,365,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of VST. Norges Bank bought a new position in shares of Vistra during the 4th quarter valued at approximately $746,729,000. Capital World Investors bought a new position in shares of Vistra during the 4th quarter valued at approximately $574,499,000. Palidye Holdings Caymans Ltd bought a new position in shares of Vistra during the 2nd quarter valued at approximately $145,987,000. Situational Awareness LP increased its position in shares of Vistra by 142.3% during the 2nd quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after purchasing an additional 748,332 shares during the last quarter. Finally, Moore Capital Management LP increased its position in shares of Vistra by 2,072.6% during the 2nd quarter. Moore Capital Management LP now owns 528,657 shares of the company’s stock valued at $102,459,000 after purchasing an additional 504,324 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $233.33.

Vistra Price Performance

VST opened at $148.72 on Monday. The business has a fifty day moving average of $154.21 and a 200 day moving average of $161.13. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The stock has a market cap of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.229 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.24%.

Vistra Company 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.