14,056 Shares in Vistra Corp. $VST Bought by Dockside LLC

Key Points

• Dockside LLC bought 14,056 Vistra shares during the second quarter, representing an investment of approximately $2.23 million. Institutional investors and hedge funds collectively own 90.88% of VST.
• Wall Street remains broadly bullish on Vistra, with an average “Buy” rating and a consensus price target of $228.56, compared with the stock’s reported price of $148.33.
• Vistra increased its quarterly dividend to $0.23 per share, or $0.92 annually, equating to a 0.6% yield. Meanwhile, company insiders sold 41,588 shares worth approximately $6.74 million during the last quarter.

Dockside LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,056 shares of the company's stock, valued at approximately $2,230,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra during the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra during the fourth quarter valued at approximately $30,000. Strive Financial Group LLC purchased a new position in Vistra during the fourth quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 92 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of NYSE VST opened at $148.33 on Friday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.79 and a current ratio of 0.97. The firm has a fifty day moving average of $154.14 and a 200 day moving average of $156.56. The firm has a market cap of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 15.54%.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent research reports. UBS Group lowered their price objective on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday. Seaport Research Partners reissued a "buy" rating and set a $230.00 price target on shares of Vistra in a report on Monday, June 15th. Morgan Stanley raised their price target on shares of Vistra from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. Finally, TD Cowen cut their price objective on shares of Vistra from $230.00 to $222.00 and set a "buy" rating for the company in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $228.56.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares of the company's stock, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the sale, the director directly owned 70,714 shares of the company's stock, valued at $12,021,380. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is currently owned by corporate insiders.

Vistra Profile

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.

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