Kayne Anderson Capital Advisors LP Acquires 14,090 Shares of Vistra Corp. $VST

Kayne Anderson Capital Advisors LP raised its stake in shares of Vistra Corp. (NYSE:VST) by 57.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 38,687 shares of the company’s stock after purchasing an additional 14,090 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Vistra were worth $7,498,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Banque Transatlantique SA lifted its stake in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. City State Bank boosted its holdings in Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the last quarter. Keener Financial Planning LLC bought a new stake in Vistra in the 1st quarter worth about $34,000. WPG Advisers LLC purchased a new stake in Vistra in the 1st quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Vistra in the 1st quarter worth approximately $39,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VST shares. The Goldman Sachs Group raised their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Vistra in a research note on Monday, October 27th. They issued an “overweight” rating and a $238.00 target price on the stock. Evercore ISI raised their price target on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Scotiabank started coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $234.21.

Insider Buying and Selling at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 745,845 shares of company stock valued at $152,178,104 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Shares of NYSE:VST opened at $175.03 on Tuesday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock has a market cap of $59.30 billion, a P/E ratio of 63.19, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a 50 day moving average of $197.79 and a 200 day moving average of $187.29.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. As a group, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s dividend payout ratio is 32.49%.

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.