Mackenzie Financial Corp Acquires 8,159 Shares of Vistra Corp. (NYSE:VST)

Mackenzie Financial Corp increased its position in shares of Vistra Corp. (NYSE:VST) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 792,840 shares of the company’s stock after acquiring an additional 8,159 shares during the period. Mackenzie Financial Corp owned approximately 0.22% of Vistra worth $30,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VST. MetLife Investment Management LLC bought a new stake in Vistra during the 1st quarter worth approximately $223,000. Rhumbline Advisers increased its holdings in Vistra by 2.5% during the 1st quarter. Rhumbline Advisers now owns 458,182 shares of the company’s stock worth $10,653,000 after acquiring an additional 11,136 shares during the period. BlackRock Inc. increased its holdings in Vistra by 2.3% during the 1st quarter. BlackRock Inc. now owns 23,939,759 shares of the company’s stock worth $556,597,000 after acquiring an additional 534,299 shares during the period. Yousif Capital Management LLC increased its holdings in Vistra by 15.5% during the 1st quarter. Yousif Capital Management LLC now owns 26,786 shares of the company’s stock worth $623,000 after acquiring an additional 3,595 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Vistra by 44.8% during the 1st quarter. Raymond James Trust N.A. now owns 39,151 shares of the company’s stock worth $910,000 after acquiring an additional 12,108 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock opened at $68.65 on Thursday. Vistra Corp. has a 52-week low of $22.67 and a 52-week high of $75.89. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 19.18 and a beta of 1.05. The company has a fifty day moving average of $60.15 and a 200-day moving average of $44.74. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18.

Vistra (NYSE:VST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Equities research analysts expect that Vistra Corp. will post 4.24 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.25%. This is a positive change from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, March 19th. Vistra’s dividend payout ratio (DPR) is presently 24.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. BMO Capital Markets increased their price target on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Morgan Stanley reissued an “overweight” rating and issued a $78.00 price target on shares of Vistra in a report on Monday, March 25th. Finally, Evercore ISI increased their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $63.50.

Insider Buying and Selling

In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares in the company, valued at approximately $9,470,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares in the company, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders sold a total of 257,285 shares of company stock worth $15,404,397 in the last three months. 1.42% of the stock is owned by corporate insiders.

About Vistra

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.