Rehmann Capital Advisory Group Invests $314,000 in Vistra Corp. $VST

Rehmann Capital Advisory Group purchased a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,619 shares of the company’s stock, valued at approximately $314,000.

Other large investors have also recently made changes to their positions in the company. HM Payson & Co. raised its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after buying an additional 78 shares during the last quarter. LRI Investments LLC grew its stake in Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after buying an additional 146 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in Vistra during the 1st quarter worth $34,000. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 19,612 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $188.30, for a total value of $3,692,939.60. Following the sale, the chief executive officer owned 292,642 shares in the company, valued at $55,104,488.60. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 654,583 shares of company stock valued at $134,542,882 in the last quarter. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 5.4%

Vistra stock opened at $201.62 on Friday. 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 50-day simple moving average is $199.45 and its two-hundred day simple moving average is $178.41. The company has a market cap of $68.31 billion, a PE ratio of 32.16, a PEG ratio of 2.72 and a beta of 1.33. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Equities analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Analyst Ratings Changes

VST has been the topic of several research analyst reports. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Cowen initiated coverage on Vistra in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. The Goldman Sachs Group boosted their target price on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. BMO Capital Markets boosted their target price on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley boosted their target price on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Four 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 company. According to MarketBeat, Vistra has an average rating of “Buy” and an average price target of $229.31.

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.