Vistra Corp. (NYSE:VST) Shares Acquired by Night Owl Capital Management LLC

Night Owl Capital Management LLC boosted its stake in Vistra Corp. (NYSE:VST) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,695 shares of the company’s stock after buying an additional 7,022 shares during the quarter. Vistra makes up approximately 3.7% of Night Owl Capital Management LLC’s portfolio, making the stock its 14th largest holding. Night Owl Capital Management LLC owned approximately 0.06% of Vistra worth $28,497,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the 4th quarter worth $277,000. Dakota Wealth Management acquired a new position in Vistra during the fourth quarter worth about $231,000. Legal Advantage Investments Inc. acquired a new stake in Vistra in the 4th quarter valued at about $565,000. Viking Fund Management LLC boosted its stake in Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock worth $2,620,000 after buying an additional 9,000 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Vistra by 201.1% during the 4th quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company’s stock worth $760,000 after acquiring an additional 3,682 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, UBS Group upped their price target on Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.67.

Insider Buying and Selling

In related news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $154.94 on Wednesday. The stock’s 50-day moving average is $122.88 and its two-hundred day moving average is $141.66. The company has a market cap of $52.70 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, June 18th. Vistra’s payout ratio is 14.15%.

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.