1,910 Shares in Vistra Corp. $VST Acquired by Goldstein Advisors LLC

Key Points

• Goldstein Advisors LLC acquired 1,910 shares of Vistra Corp., valued at approximately $370,000, indicating growing institutional interest in the company.
• Vistra CEO James A. Burke sold 43,074 shares, reducing his position by 16.56%, while insiders collectively sold 590,228 shares worth about $121.7 million over the last 90 days.
• The company reported earnings per share of $1.01, missing estimates, and has announced a dividend increase to $0.226 per share, representing a yield of 0.4%.

Goldstein Advisors LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,910 shares of the company's stock, valued at approximately $370,000.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Vistra in the 1st quarter valued at $209,149,000. Assenagon Asset Management S.A. boosted its holdings in shares of Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock valued at $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock valued at $114,309,000 after purchasing an additional 492,765 shares in the last quarter. 140 Summer Partners LP acquired a new stake in shares of Vistra in the 1st quarter valued at $56,876,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock valued at $109,761,000 after purchasing an additional 323,264 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Melius assumed coverage on Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price on the stock. Scotiabank assumed coverage on Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price on the stock. Cowen assumed coverage on Vistra in a report on Wednesday. They issued a "buy" rating on the stock. Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Finally, BMO Capital Markets raised their target price on Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Vistra presently has a consensus rating of "Buy" and an average target price of $229.31.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 590,228 shares of company stock worth $121,653,740. 1.42% of the stock is currently owned by insiders.

Vistra Trading Down 4.2%

NYSE VST opened at $201.53 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The business's fifty day moving average is $200.58 and its 200 day moving average is $175.84.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share 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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

Vistra 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.