Vistra Corp. $VST Stock Position Lifted by Global Financial Private Client LLC

Global Financial Private Client LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,695 shares of the company’s stock after buying an additional 76 shares during the quarter. Global Financial Private Client LLC’s holdings in Vistra were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in Vistra in the first quarter worth approximately $209,149,000. GAMMA Investing LLC raised its stake in shares of Vistra by 10,810.6% in the 1st quarter. GAMMA Investing LLC now owns 633,471 shares of the company’s stock worth $74,395,000 after buying an additional 627,665 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after buying an additional 492,765 shares during the period. 140 Summer Partners LP bought a new position in Vistra during the first quarter valued at about $56,876,000. Finally, Hsbc Holdings PLC grew its holdings in Vistra by 52.2% during the first quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock worth $109,761,000 after acquiring an additional 323,264 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 0.9%

Vistra stock opened at $210.13 on Friday. Vistra Corp. has a twelve month low of $90.26 and a twelve month high of $217.90. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market cap of $71.20 billion, a PE ratio of 33.51, a P/E/G ratio of 3.25 and a beta of 1.33. The firm’s 50 day moving average price is $197.82 and its two-hundred day moving average price is $163.68.

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

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra’s dividend payout ratio is currently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 148,121 shares of company stock worth $30,849,036 over the last 90 days. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Vistra from $145.00 to $241.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday. Morgan Stanley set a $207.00 price objective on Vistra and gave the company an “overweight” rating in a research report on Thursday, August 21st. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $210.71.

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.