Rockefeller Capital Management L.P. Has $17.96 Million Stock Position in Vistra Corp. $VST

Rockefeller Capital Management L.P. raised its position in Vistra Corp. (NYSE:VST) by 78.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 92,669 shares of the company’s stock after buying an additional 40,626 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vistra were worth $17,960,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VST. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. City State Bank grew its stake in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Vistra during the first quarter worth $34,000. WPG Advisers LLC bought a new stake in Vistra in the first quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT acquired a new position in Vistra in the first quarter valued at about $39,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Scotiabank started coverage on shares of Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Evercore ISI upped their target price on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $234.21.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,935 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer directly owned 271,074 shares of the company’s stock, valued at $50,563,433.22. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the sale, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. This represents a 21.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 860,120 shares of company stock valued at $171,817,820 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

NYSE VST opened at $175.09 on Wednesday. The business has a 50 day simple moving average of $197.41 and a 200 day simple moving average of $187.54. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of $59.33 billion, a price-to-earnings ratio of 63.21, a PEG ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

Vistra Company Profile

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.