Westfield Capital Management Co. LP Acquires 186,944 Shares of Vistra Corp. $VST
Westfield Capital Management Co. LP increased its stake in Vistra Corp. by 56.3% in Q2, acquiring 186,944 shares. Insiders sold shares, reducing their ownership. Vistra's stock rose 3.2%, with a market cap of $62.66 billion. Analysts expect Vistra to post 7 EPS for the fiscal year. UBS and Daiwa Capital Markets issued buy ratings, raising price targets to $230 and $250, respectively.
Westfield Capital Management Co. LP grew its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 56.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 519,286 shares of the company's stock after buying an additional 186,944 shares during the quarter. Westfield Capital Management Co. LP owned 0.15% of Vistra worth $100,643,000 at the end of the most recent quarter.
- 5 Stocks Shaping Tomorrow’s World
A number of other hedge funds and other institutional investors also recently modified their holdings of VST. Banque Transatlantique SA increased its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the period. Anfield Capital Management LLC bought a new position in shares of Vistra in the second quarter worth approximately $29,000. City State Bank increased its stake in shares of Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company's stock worth $30,000 after buying an additional 105 shares during the period. Keener Financial Planning LLC purchased a new position in shares of Vistra in the first quarter worth $34,000. Finally, WPG Advisers LLC bought a new stake in Vistra during the 1st quarter valued at $37,000. Institutional investors own 90.88% of the company's stock.
Insiders Place Their Bets
In other news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James A. Burke sold 21,935 shares of the company's stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer owned 271,074 shares in the company, valued at approximately $50,563,433.22. The trade was a 7.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 860,120 shares of company stock worth $171,817,820 over the last quarter. Company insiders own 1.42% of the company's stock.
Vistra Stock Up 3.2%
- The 6 Best Energy Stocks to Buy Now
Shares of VST opened at $184.93 on Thursday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The business's 50 day moving average is $196.82 and its 200 day moving average is $187.48. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The company has a market capitalization of $62.66 billion, a PE ratio of 66.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.
Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.60 billion. Research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.
Vistra Increases Dividend
- 2 Strong Utilities Plays With Booming Earnings and Room to Grow
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.227 dividend. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra's payout ratio is 32.49%.
Analyst Ratings Changes
A number of research firms have issued reports on VST. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Daiwa Capital Markets raised shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Jefferies Financial Group reiterated a "hold" rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Finally, BMO Capital Markets raised their target price on Vistra from $236.00 to $245.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $234.21.
Read Our Latest Report on Vistra
Vistra Company Profile
(Free Report)Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.
Read More
- Five stocks we like better than Vistra
- Dividend Capture Strategy: What You Need to Know
- Why Target Stock May Keep Falling Despite a 5% Dividend Yield
- 3 Healthcare Dividend Stocks to Buy
- Is Tesla Setting Up for a Year-End Rebound—or a Collapse?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Applied Materials: Up 40% in 2025 With Room to Run Long-Term
Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Vistra Right Now?
Before you consider Vistra, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vistra wasn't on the list.
While Vistra currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
