Shelton Wealth Management LLC Boosts Holdings in Vistra Corp. $VST

Shelton Wealth Management LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 253.7% during the first quarter, HoldingsChannel reports. The firm owned 6,211 shares of the company’s stock after purchasing an additional 4,455 shares during the quarter. Shelton Wealth Management LLC’s holdings in Vistra were worth $934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Vistra by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after buying an additional 390,157 shares during the period. State Street Corp grew its holdings in shares of Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after acquiring an additional 432,028 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vistra by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares during the period. Norges Bank bought a new position in shares of Vistra in the 4th quarter worth approximately $746,729,000. Finally, Invesco Ltd. lifted its stake in shares of Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

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

Analyst Upgrades and Downgrades

VST has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial set a $208.00 price objective on shares of Vistra in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, TD Cowen lowered their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $230.31.

Vistra Stock Down 1.5%

Shares of VST stock traded down $2.33 during mid-day trading on Tuesday, hitting $154.89. The company’s stock had a trading volume of 927,553 shares, compared to its average volume of 5,041,716. The stock has a market cap of $52.23 billion, a price-to-earnings ratio of 25.96 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The business has a 50-day moving average price of $154.38 and a 200 day moving average price of $158.74.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Research analysts predict that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is presently 15.41%.

Vistra 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.