Jones Financial Companies Lllp Purchases 4,037 Shares of Vistra Corp. $VST

Jones Financial Companies Lllp lifted its holdings in Vistra Corp. (NYSE:VST) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 107,221 shares of the company’s stock after acquiring an additional 4,037 shares during the quarter. Jones Financial Companies Lllp’s holdings in Vistra were worth $17,528,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Vistra by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after purchasing an additional 390,157 shares during the period. BlackRock Inc. purchased a new stake in shares of Vistra in the second quarter worth $4,610,496,000. State Street Corp increased its holdings in shares of Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after purchasing an additional 97,424 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Vistra in the 4th quarter worth about $746,729,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 0.3%

VST stock opened at $135.74 on Tuesday. The business’s 50-day moving average price is $153.38 and its 200-day moving average price is $155.72. The stock has a market cap of $45.56 billion, a P/E ratio of 22.93 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio (DPR) is 15.54%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 41,588 shares of company stock worth $6,739,227. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent analyst reports. Mizuho began coverage on shares of Vistra in a research report on Monday. They set an “outperform” rating and a $169.00 price objective on the stock. TD Cowen dropped their target price on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. Morgan Stanley increased their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group reduced their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $223.53.

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.