NBC Securities Inc. Increases Holdings in Vistra Corp. $VST

Key Points

• NBC Securities boosted its stake in Vistra by 1,629.2%, buying 12,512 additional shares to hold 13,280 shares worth about $2.14 million at quarter-end.
• Wall Street is generally bullish on Vistra with a consensus rating of Buy and an average price target of $236.40, after several firms raised ratings and targets in recent months.
• Vistra missed quarterly expectations—EPS $2.18 vs. $2.45 and revenue $4.58B vs. $5.75B—but raised its quarterly dividend to $0.228 (annualized $0.91, ~0.6% yield).

NBC Securities Inc. boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 1,629.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,280 shares of the company's stock after buying an additional 12,512 shares during the quarter. NBC Securities Inc.'s holdings in Vistra were worth $2,143,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in shares of Vistra during the 3rd quarter worth $25,000. Quent Capital LLC purchased a new position in shares of Vistra in the 3rd quarter worth $25,000. Archer Investment Corp increased its holdings in Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company's stock valued at $27,000 after purchasing an additional 135 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra in the 3rd quarter valued at $28,000. Finally, Orion Capital Management LLC acquired a new stake in Vistra in the 3rd quarter valued at $29,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Scotiabank raised their target price on Vistra from $287.00 to $293.00 and gave the company an "outperform" rating in a research note on Monday, January 12th. Jefferies Financial Group raised shares of Vistra from a "hold" rating to a "buy" rating and raised their target price for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. Morgan Stanley reissued an "overweight" rating and issued a $208.00 target price on shares of Vistra in a report on Tuesday. The Goldman Sachs Group raised Vistra from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Friday, February 6th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $236.40.

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company's stock.

Vistra Trading Up 0.7%

Vistra stock opened at $156.87 on Friday. Vistra Corp. has a 1 year low of $120.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. The firm has a market cap of $53.11 billion, a price-to-earnings ratio of 72.29, a price-to-earnings-growth ratio of 0.94 and a beta of 1.49. The firm's 50 day moving average price is $161.11 and its two-hundred day moving average price is $169.64.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.27). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $5.75 billion. On average, research analysts predict that Vistra Corp. will post 8.79 EPS for the current fiscal year.

Vistra Increases Dividend

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

About Vistra

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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