1,261 Shares in Vistra Corp. $VST Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC acquired a new position in Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,261 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds have also modified their holdings of the company. Banque Transatlantique SA increased its position in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. increased its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after buying an additional 168 shares during the last quarter. City State Bank raised its position in shares of Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. Keener Financial Planning LLC bought a new position in shares of Vistra in the 1st quarter valued at about $34,000. Finally, WPG Advisers LLC purchased a new position in Vistra in the first quarter worth about $37,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of NYSE:VST opened at $199.55 on Tuesday. The firm’s 50 day simple moving average is $199.47 and its 200-day simple moving average is $179.92. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The firm has a market cap of $67.61 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, September 19th. Vistra’s payout ratio is 14.35%.

Insider Buying and Selling at Vistra

In other Vistra news, CEO James A. Burke sold 19,600 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $196.46, for a total transaction of $3,850,616.00. Following the transaction, the chief executive officer directly owned 297,429 shares in the company, valued at $58,432,901.34. This represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 693,796 shares of company stock valued at $142,063,483 in the last ninety days. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VST shares. Scotiabank started coverage on Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Wells Fargo & Company began coverage on Vistra in a research report on Monday. They issued an “overweight” rating and a $238.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Jefferies Financial Group restated a “hold” rating and issued a $230.00 target price (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $229.93.

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.