Moore Capital Management LP Has $37.94 Million Stake in Vistra Corp. $VST

Key Points

• Moore Capital cut its Vistra stake by 63.4%, now owning 193,624 shares worth about $37.94 million (≈0.06% of the company) after selling 335,033 shares in Q3.
• Wall Street remains broadly positive—three analysts rate Vistra a Strong Buy, twelve rate it a Buy and one a Hold, giving a consensus target price of $236.40.
• Vistra recently missed the quarter with $2.18 EPS (vs. $2.45 est.) and $4.58B revenue (vs. $5.75B est.), but raised its quarterly dividend to $0.228 ($0.91 annualized, ~0.6% yield).

Moore Capital Management LP decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 63.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,624 shares of the company's stock after selling 335,033 shares during the quarter. Moore Capital Management LP owned about 0.06% of Vistra worth $37,935,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. raised its position in Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company's stock valued at $350,000 after acquiring an additional 53 shares in the last quarter. Y.D. More Investments Ltd grew its position in Vistra by 7.1% in the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company's stock worth $168,000 after acquiring an additional 61 shares in the last quarter. Equitable Holdings Inc. increased its stake in shares of Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock worth $1,380,000 after purchasing an additional 61 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Vistra by 2.0% during the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company's stock worth $642,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealth Effects LLC raised its holdings in shares of Vistra by 1.1% during the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company's stock valued at $1,133,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Bank of America lowered their target price on shares of Vistra from $231.00 to $218.00 and set a "buy" rating on the stock in a research report on Monday, January 12th. Morgan Stanley reaffirmed an "overweight" rating and issued a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Scotiabank upped their price target on Vistra from $287.00 to $293.00 and gave the stock an "outperform" rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group raised Vistra from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a report on Friday, February 6th. 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's stock. According to MarketBeat.com, Vistra has an average rating of "Buy" and a consensus target price of $236.40.

Vistra Price Performance

NYSE VST opened at $161.91 on Tuesday. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a fifty day simple moving average of $163.46 and a 200 day simple moving average of $177.98. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01. The company has a market cap of $54.86 billion, a P/E ratio of 74.61, a P/E/G ratio of 0.96 and a beta of 1.42.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.27). The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a $0.228 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. Vistra's dividend payout ratio (DPR) is 41.94%.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction dated 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 in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company's stock.

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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