Vistra Corp. $VST Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC boosted its stake in Vistra by 775.3%, adding 22,057 shares to hold 24,902 shares worth about $4.02 million per its latest SEC filing.
• Vistra missed Q4 estimates, reporting EPS of $2.18 vs. $2.45 expected and revenue of $4.58B vs. $5.75B; the company has a $56.32B market cap, P/E of 76.66 and a debt-to-equity ratio of 6.01.
• Analysts rate Vistra an overall Buy with a consensus price target of $235.87, implying significant upside from the recent share price near $166.

Concurrent Investment Advisors LLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 775.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,902 shares of the company's stock after acquiring an additional 22,057 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Vistra were worth $4,017,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Calamos Advisors LLC lifted its stake in shares of Vistra by 0.4% in the fourth quarter. Calamos Advisors LLC now owns 95,698 shares of the company's stock worth $15,439,000 after acquiring an additional 372 shares in the last quarter. TBH Global Asset Management LLC lifted its stake in shares of Vistra by 3.3% in the fourth quarter. TBH Global Asset Management LLC now owns 3,475 shares of the company's stock worth $561,000 after acquiring an additional 110 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of Vistra by 3.1% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,272 shares of the company's stock worth $2,786,000 after acquiring an additional 526 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Vistra by 1,629.2% in the fourth quarter. NBC Securities Inc. now owns 13,280 shares of the company's stock worth $2,143,000 after acquiring an additional 12,512 shares in the last quarter. Finally, N.E.W. Advisory Services LLC lifted its stake in shares of Vistra by 11.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 912 shares of the company's stock worth $147,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Up 1.2%

Shares of Vistra stock opened at $166.36 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The firm has a market cap of $56.32 billion, a P/E ratio of 76.66, a P/E/G ratio of 0.99 and a beta of 1.49. Vistra Corp. has a fifty-two week low of $122.30 and a fifty-two week high of $219.82. The business has a 50-day moving average price of $160.87 and a 200 day moving average price of $168.61.

Vistra (NYSE:VST - Get Free Report) last announced 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). The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. On average, sell-side analysts forecast that Vistra Corp. will post 8.79 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 41.94%.

Analyst Ratings Changes

Several research firms recently commented on VST. Morgan Stanley reiterated an "overweight" rating and issued a $208.00 price target on shares of Vistra in a research note on Tuesday, April 21st. Jefferies Financial Group upgraded Vistra from a "hold" rating to a "buy" rating and boosted their price target for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Wells Fargo & Company lowered their price objective on Vistra from $236.00 to $234.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Vistra in a report on Friday, March 27th. Finally, Scotiabank boosted their price objective on Vistra from $287.00 to $293.00 and gave the company an "outperform" rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Vistra currently has an average rating of "Buy" and a consensus price target of $235.87.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company's stock.

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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