Clark & Stuart Inc Buys Shares of 1,033 Vistra Corp. $VST

Clark & Stuart Inc purchased a new position in Vistra Corp. (NYSE:VST) in the second quarter, Holdings Channel reports. The fund purchased 1,033 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HM Payson & Co. increased its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Banque Transatlantique SA grew its holdings in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after purchasing an additional 78 shares during the last quarter. Keener Financial Planning LLC bought a new stake in shares of Vistra in the first quarter valued at about $34,000. Finally, WPG Advisers LLC bought a new stake in shares of Vistra in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 21,371 shares of Vistra stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $204.82, for a total value of $4,377,208.22. Following the transaction, the chief executive officer directly owned 259,073 shares of the company’s stock, valued at $53,063,331.86. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 379,645 shares of company stock worth $78,263,666 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VST. The Goldman Sachs Group upped their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Raymond James Financial started coverage on shares of Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price objective on the stock. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, BMO Capital Markets boosted their target price on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $224.21.

Vistra Price Performance

Shares of VST opened at $200.37 on Tuesday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a market cap of $67.89 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.02 and a beta of 1.33. The company’s fifty day simple moving average is $200.65 and its 200 day simple moving average is $171.10. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. 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 currently 14.35%.

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.