GM Advisory Group LLC Has $572,000 Stock Position in Vistra Corp. $VST

GM Advisory Group LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 20.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,949 shares of the company’s stock after acquiring an additional 508 shares during the quarter. GM Advisory Group LLC’s holdings in Vistra were worth $572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Banque Transatlantique SA lifted its position in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Anfield Capital Management LLC bought a new position in Vistra in the 2nd quarter worth approximately $29,000. City State Bank lifted its holdings 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 bought a new position in Vistra in the 1st quarter valued at $34,000. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Up 3.7%

Shares of NYSE VST opened at $177.14 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The stock has a market cap of $60.02 billion, a price-to-earnings ratio of 63.95, a P/E/G ratio of 3.04 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The company’s fifty day moving average is $192.56 and its 200-day moving average is $188.55.

Vistra (NYSE:VST) last released its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is 32.49%.

Insider Activity

In other Vistra news, EVP Scott A. Hudson sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares in the company, valued at approximately $51,772,476. This trade represents a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. The trade was a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 868,339 shares of company stock worth $173,242,584 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VST. KeyCorp started coverage on Vistra in a research note on Monday. They set an “overweight” rating and a $217.00 price target on the stock. Wells Fargo & Company initiated coverage on Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a research report on Tuesday. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group boosted their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $233.20.

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.