Cwm LLC Buys 2,119 Shares of Vistra Corp. $VST

Cwm LLC grew its stake in Vistra Corp. (NYSE:VST) by 20.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,567 shares of the company’s stock after purchasing an additional 2,119 shares during the quarter. Cwm LLC’s holdings in Vistra were worth $2,436,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Red Mountain Financial LLC boosted its holdings in Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC boosted its holdings in Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after acquiring an additional 76 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares in the last quarter. Finally, Fairvoy Private Wealth LLC boosted its holdings in Vistra by 1.4% in the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock worth $1,108,000 after acquiring an additional 79 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VST shares. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. TD Cowen started coverage on Vistra in a report on Thursday. They set a “buy” rating and a $250.00 price target on the stock. Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Morgan Stanley upped their price target on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $229.31.

Vistra Trading Down 4.2%

Shares of NYSE:VST opened at $201.53 on Friday. The company has a market cap of $68.28 billion, a P/E ratio of 32.14, a PEG ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The stock’s fifty day moving average price is $200.58 and its 200-day moving average price is $175.84.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Insider Buying and Selling

In related news, CEO James A. Burke sold 21,355 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total transaction of $4,595,809.55. Following the completion of the sale, the chief executive officer owned 282,597 shares in the company, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 590,228 shares of company stock worth $121,653,740 in the last three months. 1.42% of the stock is currently owned by corporate insiders.

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.