Mutual Advisors LLC Acquires 276 Shares of Vistra Corp. $VST

Mutual Advisors LLC grew its holdings in Vistra Corp. (NYSE:VST) by 7.0% in the second quarter, Holdings Channel reports. The firm owned 4,221 shares of the company’s stock after buying an additional 276 shares during the quarter. Mutual Advisors LLC’s holdings in Vistra were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Nuveen LLC bought a new stake in shares of Vistra in the 1st quarter worth $209,149,000. Assenagon Asset Management S.A. increased its holdings in shares of Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock worth $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock worth $114,309,000 after purchasing an additional 492,765 shares in the last quarter. 140 Summer Partners LP bought a new stake in shares of Vistra in the 1st quarter worth $56,876,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock worth $109,761,000 after purchasing an additional 323,264 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

NYSE VST opened at $201.53 on Friday. The company has a market capitalization of $68.28 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The business’s fifty day moving average is $200.58 and its 200 day moving average is $175.84. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last released its earnings results 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 company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VST. Melius began coverage on Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target on the stock. TD Cowen began coverage on Vistra in a research note on Thursday. They issued a “buy” rating and a $250.00 price target on the stock. Jefferies Financial Group restated a “hold” rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Finally, Cowen began coverage on Vistra in a research note on Wednesday. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and an average target price of $229.31.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 590,228 shares of company stock worth $121,653,740 in the last quarter. 1.42% of the stock is currently owned by insiders.

Vistra Company 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.