Valeo Financial Advisors LLC Buys 1,519 Shares of Vistra Corp. $VST

Valeo Financial Advisors LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 23.9% in the second quarter, Holdings Channel reports. The fund owned 7,866 shares of the company’s stock after acquiring an additional 1,519 shares during the period. Valeo Financial Advisors LLC’s holdings in Vistra were worth $1,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its holdings in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after buying an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Vistra in the first quarter valued at about $341,000. Dynamic Advisor Solutions LLC bought a new position in shares of Vistra in the first quarter valued at about $432,000. Peak Financial Advisors LLC bought a new position in shares of Vistra in the second quarter valued at about $547,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after buying an additional 57,551 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

Shares of NYSE:VST opened at $199.65 on Wednesday. The stock has a market capitalization of $67.65 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.00 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The business has a 50-day moving average price of $200.68 and a two-hundred day moving average price of $171.29.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Equities analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $0.226 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VST. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price target for the company. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Melius initiated coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $227.85.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $204.82, for a total value of $4,377,208.22. Following the completion of the sale, the chief executive officer directly owned 259,073 shares of the company’s stock, valued at $53,063,331.86. This represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 379,645 shares of company stock valued at $78,263,666. Corporate insiders own 1.42% of the company’s stock.

Vistra Profile

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.