Elm3 Financial Group LLC Takes $341,000 Position in Vistra Corp. $VST

Elm3 Financial Group LLC bought a new stake in Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,758 shares of the company’s stock, valued at approximately $341,000.

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

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 259,073 shares of the company’s stock, valued at approximately $53,063,331.86. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 379,645 shares of company stock worth $78,263,666 over the last three months. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 0.8%

Shares of VST opened at $200.37 on Tuesday. The firm has a market cap of $67.89 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 3.02 and a beta of 1.33. 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 52 week low of $90.51 and a 52 week high of $219.82. The firm’s 50-day simple moving average is $200.65 and its 200 day simple moving average is $171.10.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (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 the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, analysts forecast 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. 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 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 (DPR) is 14.35%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Scotiabank started coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $224.21.

About Vistra

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.