Lindbrook Capital LLC Grows Stock Holdings in Vistra Corp. (NYSE:VST)

Lindbrook Capital LLC lifted its position in shares of Vistra Corp. (NYSE:VST) by 64.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 840 shares of the company’s stock after buying an additional 329 shares during the quarter. Lindbrook Capital LLC’s holdings in Vistra were worth $32,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VST. FinTrust Capital Advisors LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its stake in shares of Vistra by 160.7% during the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 442 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Vistra during the 3rd quarter valued at $29,000. Rise Advisors LLC bought a new stake in Vistra in the 4th quarter valued at $35,000. Finally, NBC Securities Inc. bought a new stake in Vistra in the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on VST shares. Evercore ISI lifted their price target on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Janney Montgomery Scott started coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $78.00 price target on shares of Vistra in a report on Monday, March 25th. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $67.20.

Vistra Stock Performance

Vistra stock opened at $72.69 on Friday. The company’s 50-day moving average price is $63.09 and its 200-day moving average price is $46.17. Vistra Corp. has a twelve month low of $22.67 and a twelve month high of $75.89. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The company has a market cap of $25.29 billion, a PE ratio of 20.30 and a beta of 1.05.

Vistra (NYSE:VST) last posted its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion. On average, equities research analysts forecast that Vistra Corp. will post 3.57 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were paid a dividend of $0.215 per share. The ex-dividend date was Tuesday, March 19th. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.18%. Vistra’s payout ratio is currently 24.02%.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 86,517 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,285 shares of company stock valued at $15,404,397. Company insiders own 1.42% of the company’s stock.

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.