Rockefeller Capital Management L.P. Buys 40,626 Shares of Vistra Corp. $VST

Rockefeller Capital Management L.P. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 78.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,669 shares of the company’s stock after purchasing 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 institutional investors have also recently made changes to their positions in VST. City State Bank boosted its holdings in shares of Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. NewSquare Capital LLC raised its position in Vistra by 65.9% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares in the last quarter. Banque Transatlantique SA lifted its stake in Vistra by 132.0% in the first 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. Armstrong Advisory Group Inc. boosted its stake in shares of Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the period. Finally, LRI Investments LLC increased its holdings in shares of Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president owned 306,600 shares in the company, valued at $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 860,120 shares of company stock valued at $171,817,820 in the last three months. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock opened at $175.09 on Wednesday. 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 stock has a market capitalization of $59.33 billion, a price-to-earnings ratio of 63.21, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a 50-day simple moving average of $197.41 and a two-hundred day simple moving average of $187.54.

Vistra (NYSE:VST) last announced its earnings results 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). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

VST has been the subject of several research reports. Wells Fargo & Company began coverage on Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Evercore ISI lifted their target price on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, BMO Capital Markets upped their target price on Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $234.21.

About Vistra

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.