Westover Capital Advisors LLC Purchases Shares of 74,698 Vistra Corp. (NYSE:VST)

Westover Capital Advisors LLC acquired a new position in Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 74,698 shares of the company’s stock, valued at approximately $2,877,000. Vistra comprises about 0.9% of Westover Capital Advisors LLC’s holdings, making the stock its 29th largest holding.

Several other large investors have also recently modified their holdings of VST. FinTrust Capital Advisors LLC acquired a new stake in Vistra in the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Vistra by 160.7% during the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the last quarter. Fifth Third Bancorp purchased a new position in Vistra in the 3rd quarter worth $29,000. Lindbrook Capital LLC raised its stake in Vistra by 64.4% in the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after acquiring an additional 329 shares during the last quarter. Finally, Rise Advisors LLC purchased a new stake in Vistra during the 4th quarter valued at about $35,000. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares in the company, valued at $11,536,508.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Scott A. Hudson sold 86,517 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $15,069,030.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders sold 257,285 shares of company stock valued at $15,404,397 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE VST traded up $3.65 during trading hours on Thursday, reaching $80.51. The company’s stock had a trading volume of 4,737,343 shares, compared to its average volume of 5,070,820. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 21.48 and a beta of 1.02. The company’s 50-day moving average is $65.49 and its two-hundred day moving average is $47.49. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. Vistra Corp. has a 1-year low of $22.69 and a 1-year high of $80.73.

Vistra (NYSE:VST) last announced its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $5.48 billion. On average, equities analysts predict that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a $0.215 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. This represents a $0.86 annualized dividend and a dividend yield of 1.07%. Vistra’s dividend payout ratio (DPR) is 24.02%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VST shares. BMO Capital Markets raised their price objective on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Evercore ISI upped their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley reissued an “overweight” rating and set a $78.00 target price on shares of Vistra in a report on Monday, March 25th. Finally, Janney Montgomery Scott started coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $67.20.

Vistra 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.