Massachusetts Financial Services Co. MA Has $1.39 Billion Position in Vistra Corp. $VST

Massachusetts Financial Services Co. MA increased its holdings in shares of Vistra Corp. (NYSE:VST) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,106,465 shares of the company’s stock after buying an additional 930,912 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.10% of Vistra worth $1,392,299,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VST. Kirr Marbach & Co. LLC IN increased its holdings in shares of Vistra by 0.9% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock worth $32,698,000 after acquiring an additional 1,535 shares during the last quarter. ELCO Management Co. LLC acquired a new stake in shares of Vistra during the 2nd quarter worth about $499,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Vistra in the 2nd quarter valued at about $292,000. Charles Schwab Investment Management Inc. raised its holdings in Vistra by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after acquiring an additional 35,444 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Vistra by 55.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock worth $1,208,000 after acquiring an additional 2,220 shares during the period. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD Cowen started coverage on Vistra in a research note on Thursday, October 16th. They set a “buy” rating and a $250.00 target price on the stock. Wells Fargo & Company assumed coverage on Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 target price for the company. UBS Group upped their price target on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. KeyCorp began coverage on shares of Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 price target on the stock. Finally, Evercore ISI boosted their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $239.40.

Vistra Stock Down 7.4%

VST stock opened at $166.93 on Friday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The business has a 50-day simple moving average of $169.20 and a 200 day simple moving average of $187.86. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The company has a market cap of $56.56 billion, a PE ratio of 60.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.227 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s payout ratio is presently 32.49%.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 8,219 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the sale, the executive vice president directly owned 79,854 shares in the company, valued at $13,842,690.90. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the completion of the transaction, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This trade represents a 21.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 278,995 shares of company stock valued at $50,757,547 in the last quarter. Corporate insiders own 1.42% of the company’s stock.

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.