Moors & Cabot Inc. Acquires 1,140 Shares of Vistra Corp. $VST

by · The Cerbat Gem

Moors & Cabot Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 28.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,145 shares of the company’s stock after acquiring an additional 1,140 shares during the quarter. Moors & Cabot Inc.’s holdings in Vistra were worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after purchasing an additional 11,386 shares during the period. Northern Trust Corp lifted its position in Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after buying an additional 57,358 shares during the last quarter. Nuveen LLC bought a new stake in Vistra in the first quarter worth $209,149,000. Jennison Associates LLC boosted its stake in Vistra by 23.8% during the second quarter. Jennison Associates LLC now owns 1,712,726 shares of the company’s stock worth $331,943,000 after buying an additional 329,294 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Vistra by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock valued at $172,717,000 after acquiring an additional 118,230 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of Vistra stock opened at $184.97 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock’s fifty day moving average price is $199.02 and its 200-day moving average price is $183.71. The firm has a market cap of $62.67 billion, a P/E ratio of 29.50, a P/E/G ratio of 2.69 and a beta of 1.30. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra’s dividend payout ratio is 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 9,641 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $192.30, for a total value of $1,853,964.30. Following the completion of the transaction, the chief executive officer directly owned 298,967 shares in the company, valued at approximately $57,491,354.10. The trade was a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 723,910 shares of company stock worth $148,086,569 over the last 90 days. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Cowen initiated coverage on shares of Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Melius Research upgraded Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Morgan Stanley raised their price target on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $229.93.

Check Out Our Latest Stock Report on VST

Vistra Profile

(Free Report)

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.

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