6,808 Shares in Vistra Corp. $VST Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,808 shares of the company’s stock, valued at approximately $1,080,000.

Several other institutional investors have also recently made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in Vistra in the 4th quarter worth approximately $30,000. Triumph Capital Management bought a new stake in Vistra during the 3rd quarter worth approximately $38,000. Finally, Strive Asset Management LLC bought a new stake in Vistra during the 3rd quarter worth approximately $38,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.0%

Vistra stock opened at $146.58 on Tuesday. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm’s 50 day moving average price is $154.14 and its 200-day moving average price is $156.42. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market cap of $49.20 billion, a P/E ratio of 24.76 and a beta of 1.41.

Vistra (NYSE:VST) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, equities analysts predict that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is currently 15.54%.

Insider Transactions at Vistra

In related news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VST shares. UBS Group dropped their price target on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Wells Fargo & Company restated an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research report on Monday, August 10th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday, August 12th. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $228.56.

Vistra 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.