Ameriflex Group Inc. Has $116,000 Stock Position in Vistra Corp. $VST

Ameriflex Group Inc. raised its stake in shares of Vistra Corp. (NYSE:VST) by 19.6% during the second quarter, Holdings Channel reports. The firm owned 610 shares of the company’s stock after buying an additional 100 shares during the period. Ameriflex Group Inc.’s holdings in Vistra were worth $116,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after acquiring an additional 11,386 shares during the last quarter. Northern Trust Corp raised its stake in shares of Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after acquiring an additional 57,358 shares during the last quarter. Nuveen LLC bought a new position in shares of Vistra in the first quarter valued at approximately $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vistra by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock valued at $172,717,000 after acquiring an additional 118,230 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Vistra by 1.5% in the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock valued at $155,920,000 after acquiring an additional 19,679 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VST shares. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Vistra in a research note on Saturday, September 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 target price (down previously from $241.00) on shares of Vistra in a research note on Monday, September 22nd. UBS Group lifted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $224.21.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 19,605 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total transaction of $3,818,661.90. Following the completion of the sale, the chief executive officer owned 253,815 shares in the company, valued at approximately $49,438,085.70. The trade was a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 358,274 shares of company stock worth $73,886,457. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST stock opened at $202.25 on Friday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a 50 day moving average price of $200.57 and a 200 day moving average price of $170.34. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The stock has a market capitalization of $68.53 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.02 and a beta of 1.33.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company 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%. Analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 14.35%.

Vistra 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.