Vistra Corp. $VST Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of Vistra Corp. (NYSE:VST) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,614 shares of the company’s stock after purchasing an additional 4,023 shares during the period. Wealthfront Advisers LLC’s holdings in Vistra were worth $13,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC grew its stake in Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after acquiring an additional 71 shares in the last quarter. Fogel Capital Management Inc. grew its stake in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after acquiring an additional 72 shares in the last quarter. Red Mountain Financial LLC grew its stake in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC grew its stake in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Vistra by 4.7% during the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 19,612 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total value of $3,692,939.60. Following the sale, the chief executive officer directly owned 292,642 shares of the company’s stock, valued at approximately $55,104,488.60. This represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 654,583 shares of company stock valued at $134,542,882. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of VST opened at $201.62 on Monday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm’s 50 day moving average price is $199.45 and its 200 day moving average price is $179.36. The company has a market cap of $68.31 billion, a P/E ratio of 32.16, a PEG ratio of 2.86 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last announced 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. On average, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. 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 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cowen assumed coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. TD Cowen assumed coverage on shares of Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $229.31.

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.