SG Americas Securities LLC Purchases 314,617 Shares of Vistra Corp. $VST

SG Americas Securities LLC raised its position in Vistra Corp. (NYSE:VST) by 103.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 619,979 shares of the company’s stock after purchasing an additional 314,617 shares during the period. SG Americas Securities LLC’s holdings in Vistra were worth $93,201,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vistra during the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra in the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in Vistra in the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra during the 4th quarter worth approximately $30,000. Finally, Triumph Capital Management acquired a new position in Vistra during the 3rd quarter worth approximately $38,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $230.44.

Insider Transactions at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 35,088 shares of company stock worth $5,634,227. 0.92% of the stock is owned by company insiders.

Vistra Stock Down 0.1%

Shares of VST stock opened at $163.59 on Monday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The firm’s 50-day moving average is $154.21 and its 200-day moving average is $159.54. The stock has a market cap of $55.16 billion, a price-to-earnings ratio of 27.40 and a beta of 1.40. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Sell-side analysts predict that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is 15.24%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.