Sivia Capital Partners LLC Buys Shares of 1,387 Vistra Corp. $VST

Key Points

• Sivia Capital Partners LLC purchased 1,387 shares of Vistra Corp., valued at around $269,000, marking a new position in the company.
• CEO James A. Burke recently sold 21,361 shares for approximately $4.54 million, resulting in an 8.57% reduction of his ownership in the company.
• Wall Street analysts have upgraded Vistra with multiple strong-buy ratings, and BMO Capital Markets has increased the price objective to $229.00, reflecting optimism about the company's future performance.

Sivia Capital Partners LLC bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,387 shares of the company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VST. State of Wyoming acquired a new stake in Vistra during the 4th quarter valued at approximately $58,000. Visionary Wealth Advisors boosted its holdings in shares of Vistra by 7.4% during the 4th quarter. Visionary Wealth Advisors now owns 2,511 shares of the company's stock worth $346,000 after buying an additional 172 shares in the last quarter. Woodline Partners LP bought a new position in shares of Vistra during the 4th quarter worth approximately $2,817,000. Voloridge Investment Management LLC boosted its holdings in shares of Vistra by 722.8% during the 4th quarter. Voloridge Investment Management LLC now owns 134,132 shares of the company's stock worth $18,493,000 after buying an additional 117,830 shares in the last quarter. Finally, USS Investment Management Ltd bought a new position in shares of Vistra during the 4th quarter worth approximately $7,449,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 21,361 shares of Vistra stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $212.56, for a total value of $4,540,494.16. Following the completion of the sale, the chief executive officer owned 227,968 shares of the company's stock, valued at approximately $48,456,878.08. This trade represents a 8.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 148,121 shares of company stock valued at $30,849,036. Company insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VST. Morgan Stanley set a $207.00 price target on Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Jefferies Financial Group increased their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. The Goldman Sachs Group increased their target price on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets increased their target price on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Vistra has a consensus rating of "Buy" and a consensus price target of $210.71.

Vistra Stock Performance

Shares of Vistra stock traded up $0.92 during trading hours on Friday, hitting $211.08. 9,186,274 shares of the company's stock traded hands, compared to its average volume of 3,842,753. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $217.90. The stock has a market capitalization of $71.52 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.30 and a beta of 1.33. The company has a fifty day simple moving average of $198.11 and a 200-day simple moving average of $164.52. 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 - Get Free Report) last announced its earnings results 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 net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. Equities research analysts anticipate 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. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.4%. Vistra's payout ratio is 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.