Fox Hill Wealth Management purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,453 shares of the company's stock, valued at approximately $2,610,000.
Other hedge funds have also bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Vistra during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra in the fourth quarter valued at $30,000. Strive Financial Group LLC acquired a new position in shares of Vistra in the fourth quarter worth about $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of Vistra in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 90.88% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VST. Wells Fargo & Company restated an "overweight" rating and set a $212.00 target price on shares of Vistra in a research report on Monday, August 10th. The Goldman Sachs Group set a $206.00 price target on Vistra in a report on Wednesday, August 12th. UBS Group lowered their price target on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Seaport Research Partners reiterated a "buy" rating and set a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. Finally, Scotiabank raised their price objective on Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $223.53.
View Our Latest Research Report on Vistra
Vistra Price Performance
VST stock opened at $137.16 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a market cap of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41. The business has a fifty day moving average of $151.62 and a two-hundred day moving average of $155.48. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.
Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $5.46 billion. As a group, research analysts anticipate that Vistra Corp. will post 9.21 earnings per share for the current year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra's dividend payout ratio is presently 15.54%.
Insider Transactions at Vistra
In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the company'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 transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Helm sold 25,000 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director owned 232,200 shares of the company's stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,588 shares of company stock worth $5,914,427 in the last ninety days. 0.92% of the stock is owned by company insiders.
About Vistra
(
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.
Further Reading
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