Vistra Corp. $VST Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its position in shares of Vistra Corp. (NYSE:VST) by 16.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,412 shares of the company’s stock after selling 471 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Vistra were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tcfg Wealth Management LLC acquired a new stake in shares of Vistra during the second quarter worth about $258,000. Clark & Stuart Inc acquired a new stake in shares of Vistra during the second quarter worth about $200,000. SteelPeak Wealth LLC increased its position in shares of Vistra by 61.9% during the second quarter. SteelPeak Wealth LLC now owns 24,450 shares of the company’s stock worth $4,739,000 after purchasing an additional 9,350 shares in the last quarter. Elm3 Financial Group LLC acquired a new stake in shares of Vistra during the second quarter worth about $341,000. Finally, Prime Capital Investment Advisors LLC increased its position in shares of Vistra by 1.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 7,993 shares of the company’s stock worth $1,549,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 21,376 shares of Vistra stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total value of $4,307,050.24. Following the sale, the chief executive officer owned 264,329 shares of the company’s stock, valued at approximately $53,259,650.21. The trade was a 7.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 422,389 shares of company stock valued at $86,992,610. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target on the stock. BMO Capital Markets boosted their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Jefferies Financial Group restated a “hold” rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $227.85.

Vistra Price Performance

Shares of VST opened at $209.99 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The stock’s 50 day moving average is $200.69 and its two-hundred day moving average is $172.05. The firm has a market capitalization of $71.15 billion, a PE ratio of 33.49, a P/E/G ratio of 3.06 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

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

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. 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 dividend payout ratio is presently 14.35%.

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.