Vistra Corp. $VST Shares Purchased by Hartline Investment Corp

Hartline Investment Corp boosted its position in Vistra Corp. (NYSE:VSTFree Report) by 989.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,392 shares of the company’s stock after buying an additional 34,869 shares during the period. Hartline Investment Corp’s holdings in Vistra were worth $5,771,000 as of its most recent filing with the Securities & Exchange Commission.

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

Vistra Price Performance

NYSE:VST opened at $155.76 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The stock’s 50-day moving average price is $154.21 and its 200-day moving average price is $158.71. The stock has a market capitalization of $52.52 billion, a PE ratio of 26.09 and a beta of 1.40.

Vistra (NYSE:VSTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.22 billion. As a group, equities analysts expect that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.229 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is 15.41%.

Insider Activity at Vistra

In related news, Director Paul M. Barbas sold 244 shares of Vistra 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,588 shares of company stock worth $6,739,227 over the last 90 days. 0.92% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on VST shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Seaport Research Partners reiterated a “buy” rating and set a $230.00 price objective on shares of Vistra in a research note on Monday, June 15th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Raymond James Financial set a $208.00 target price on Vistra in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $230.31.

View Our Latest Stock Report on VST

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Vistra Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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