Assetmark Inc. Decreases Stake in Vistra Corp. $VST

Key Points

• Assetmark Inc. lowered its position in Vistra by 29.0% in Q4, selling 390,685 shares and now holding 955,898 shares (about 0.28% of the company) valued at roughly $154.2 million.
• Vistra missed Q4 estimates, reporting EPS of $2.18 versus $2.45 expected and revenue of $4.58 billion versus $5.75 billion estimated, though analyst consensus remains a "Buy" with an average target near $236.87.
• EVP Stephanie Zapata Moore sold 10,000 shares at an average price of $160.31 on March 9, reducing her stake by 8.04%; insiders now own about 0.92% of the stock.

Assetmark Inc. lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 29.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 955,898 shares of the company's stock after selling 390,685 shares during the quarter. Assetmark Inc. owned about 0.28% of Vistra worth $154,215,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VST. Salomon & Ludwin LLC purchased a new stake in shares of Vistra during the 3rd quarter worth about $25,000. Quent Capital LLC purchased a new position in Vistra in the 3rd quarter worth approximately $25,000. Archer Investment Corp boosted its holdings in Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company's stock worth $27,000 after acquiring an additional 135 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Vistra in the 3rd quarter worth approximately $28,000. Finally, Orion Capital Management LLC purchased a new position in Vistra in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president directly owned 114,409 shares of the company's stock, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VST. JPMorgan Chase & Co. upped their price target on Vistra from $239.00 to $240.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Wells Fargo & Company decreased their price target on Vistra from $236.00 to $234.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Bank of America decreased their price target on Vistra from $231.00 to $218.00 and set a "buy" rating for the company in a report on Monday, January 12th. Scotiabank upped their price target on Vistra from $287.00 to $293.00 and gave the stock an "outperform" rating in a report on Monday, January 12th. Finally, Jefferies Financial Group upgraded Vistra from a "hold" rating to a "buy" rating and upped their price target for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has an average rating of "Buy" and an average target price of $236.87.

Vistra Stock Performance

Shares of VST opened at $158.21 on Tuesday. The business's 50 day moving average is $159.93 and its two-hundred day moving average is $171.49. Vistra Corp. has a 52-week low of $103.34 and a 52-week high of $219.82. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 72.91, a PEG ratio of 0.94 and a beta of 1.49. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. Analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 41.94%.

Vistra Profile

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.

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