Atlatl Advisers LLC Purchases New Position in Vistra Corp. $VST

Atlatl Advisers LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,254 shares of the company’s stock, valued at approximately $1,018,000.

Other large investors also recently bought and sold shares of the company. Banque Transatlantique SA increased its stake in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after buying an additional 132 shares in the last quarter. HM Payson & Co. increased its stake in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after buying an additional 168 shares in the last quarter. City State Bank increased its stake in Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in Vistra during the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new stake in Vistra during the 1st quarter worth approximately $37,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value 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. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 654,583 shares of company stock valued at $134,542,882 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VST. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets boosted their price objective on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Scotiabank began coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Finally, Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $229.31.

Vistra Price Performance

VST stock opened at $201.62 on Friday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The business has a 50 day simple moving average of $199.45 and a 200-day simple moving average of $178.94. The firm has a market capitalization of $68.31 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. Vistra Corp. has a 1 year low of $90.51 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $0.226 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 19th. Vistra’s payout ratio is currently 14.35%.

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.