Huber Capital Management LLC Acquires 34,400 Shares of Vistra Corp. $VST

Huber Capital Management LLC lifted its holdings in shares of Vistra Corp. (NYSE:VSTFree Report) by 628.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,874 shares of the company’s stock after purchasing an additional 34,400 shares during the quarter. Huber Capital Management LLC’s holdings in Vistra were worth $6,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bridgewater Advisors Inc. boosted its stake in shares of Vistra by 3.1% during the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after acquiring an additional 53 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Vistra by 7.1% during the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares during the period. Equitable Holdings Inc. boosted its stake in shares of Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Vistra by 21.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock valued at $59,000 after purchasing an additional 65 shares during the period. Finally, UMB Bank n.a. boosted its stake in Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after purchasing an additional 65 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Thursday, May 21st. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Finally, Wells Fargo & Company reduced their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $233.33.

Read Our Latest Stock Report on Vistra

Vistra Stock Performance

VST opened at $148.01 on Friday. The business has a fifty day simple moving average of $153.53 and a 200 day simple moving average of $160.20. The company has a market capitalization of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VSTGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Research analysts expect that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.24%.

Insider Buying and Selling at Vistra

In other 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Vistra Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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