OneDigital Investment Advisors LLC Purchases New Shares in Vistra Corp. $VST

OneDigital Investment Advisors LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,114 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra during the 4th quarter valued at approximately $30,000. Triumph Capital Management acquired a new stake in Vistra during the 3rd quarter valued at approximately $38,000. Finally, Strive Asset Management LLC purchased a new stake in Vistra during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 3.9%

Vistra stock opened at $140.39 on Wednesday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 23.71 and a beta of 1.41. The firm has a 50-day moving average price of $154.02 and a two-hundred day moving average price of $156.25.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Sell-side analysts expect that Vistra Corp. will post 9.23 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Analysts Set New Price Targets

Several research firms have recently commented on VST. JPMorgan Chase & Co. reduced their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Scotiabank increased their price objective on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, TD Cowen decreased their price objective on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus target price of $228.56.

Insiders Place Their Bets

In other news, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last three months. 0.92% of the stock is currently owned by company insiders.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.