Simplicity Wealth LLC Makes New Investment in Vistra Corp. $VST

Simplicity Wealth LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,230 shares of the company’s stock, valued at approximately $432,000.

Several other large investors also recently added to or reduced their stakes in VST. Red Mountain Financial LLC lifted its holdings in shares of Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after purchasing an additional 74 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after purchasing an additional 75 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in shares of Vistra by 4.7% during the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after purchasing an additional 76 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after purchasing an additional 78 shares during the last quarter. Finally, Fairvoy Private Wealth LLC lifted its holdings in shares of Vistra by 1.4% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock valued at $1,108,000 after purchasing an additional 79 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,376 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total transaction of $4,307,050.24. Following the sale, the chief executive officer directly owned 264,329 shares in the company, valued at $53,259,650.21. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 422,389 shares of company stock worth $86,992,610. 1.42% of the stock is owned by company insiders.

Vistra Price Performance

Shares of VST opened at $206.51 on Thursday. The business’s 50-day moving average is $200.67 and its two-hundred day moving average is $171.54. The company has a market capitalization of $69.97 billion, a P/E ratio of 32.94, a P/E/G ratio of 2.98 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra’s payout ratio is 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. Melius Research raised Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 target price on the stock. UBS Group upped their target price on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Scotiabank initiated coverage on Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Finally, BMO Capital Markets upped their target price on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $227.85.

About Vistra

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.