Vistra Corp. $VST Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Vistra Corp. (NYSE:VST) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 47,120 shares of the company’s stock after acquiring an additional 3,198 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vistra were worth $9,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. City State Bank increased its holdings in shares of Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Banque Transatlantique SA boosted its position in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares during the period. Armstrong Advisory Group Inc. boosted its position in shares of Vistra by 48.4% in 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 period. Finally, LRI Investments LLC increased its stake in Vistra by 104.3% in the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after purchasing an additional 146 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company began coverage on shares of Vistra in a research note on Monday. They set an “overweight” rating and a $238.00 price objective for the company. Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Cowen began coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, UBS Group raised their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $229.93.

Insider Activity

In related news, CEO James A. Burke sold 19,600 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $196.46, for a total value of $3,850,616.00. Following the completion of the sale, the chief executive officer directly owned 297,429 shares in the company, valued at approximately $58,432,901.34. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 693,796 shares of company stock valued at $142,063,483. 1.42% of the stock is currently owned by insiders.

Vistra Stock Down 1.0%

Shares of Vistra stock opened at $199.55 on Tuesday. The firm has a market cap of $67.61 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.86 and a beta of 1.33. The stock has a 50-day simple moving average of $199.47 and a 200-day simple moving average of $179.92. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last issued its quarterly earnings data 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 business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

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.