Sagespring Wealth Partners LLC Makes New $454,000 Investment in Vistra Corp. $VST

Sagespring Wealth Partners LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,341 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA grew its holdings in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. HM Payson & Co. grew its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Keener Financial Planning LLC bought a new position in Vistra during the 1st quarter worth about $34,000. WPG Advisers LLC bought a new position in Vistra during the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra during the 1st quarter worth about $39,000. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm’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 transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 547,510 shares of company stock worth $112,585,800. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of Vistra stock opened at $210.20 on Friday. The firm has a market capitalization of $71.22 billion, a P/E ratio of 33.52, a PEG ratio of 2.99 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a 50 day moving average price of $200.60 and a 200 day moving average price of $174.96. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings results 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Sell-side analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, September 19th. 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. Vistra’s payout ratio is 14.35%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VST. The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. raised their price target on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Cowen began coverage on shares of Vistra in a report on Wednesday. They issued a “buy” rating on the stock. Finally, Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $229.31.

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.