Massachusetts Financial Services Co. MA Buys 930,912 Shares of Vistra Corp. $VST

by · The Markets Daily

Massachusetts Financial Services Co. MA raised its position in Vistra Corp. (NYSE:VST – Free Report) by 15.1% during the third quarter, Holdings Channel reports. The firm owned 7,106,465 shares of the company’s stock after purchasing an additional 930,912 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Vistra were worth $1,392,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Vistra by 1.4% in the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after purchasing an additional 226,514 shares during the period. Lone Pine Capital LLC lifted its stake in Vistra by 40.5% in the second quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock valued at $1,253,896,000 after buying an additional 1,864,931 shares during the period. Norges Bank acquired a new stake in shares of Vistra during the 2nd quarter worth approximately $930,080,000. Invesco Ltd. grew its position in shares of Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after buying an additional 913,350 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Vistra by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after acquiring an additional 35,444 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the transaction, the chief executive officer owned 297,998 shares in the company, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This trade represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 278,995 shares of company stock worth $50,757,547 in the last quarter. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VST shares. Morgan Stanley reissued an “overweight” rating and set a $228.00 target price on shares of Vistra in a research note on Tuesday, December 16th. UBS Group increased their price objective on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Cowen began coverage on Vistra in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, KeyCorp initiated coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $239.40.

Check Out Our Latest Stock Analysis on Vistra

Vistra Stock Performance

NYSE VST opened at $166.93 on Friday. The company has a fifty day moving average price of $169.20 and a 200-day moving average price of $187.86. The firm has a market cap of $56.56 billion, a price-to-earnings ratio of 60.26, a PEG ratio of 1.03 and a beta of 1.41. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. As a group, equities research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.227 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra’s dividend payout ratio is currently 32.49%.

About Vistra

(Free Report)

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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