3,928 Shares in Vistra Corp. $VST Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC purchased 3,928 shares of Vistra Corp., worth approximately $761,000, during the second quarter, indicating positive institutional interest in the company.
• CEO James A. Burke sold 43,074 shares of Vistra stock, totaling nearly $9 million, which reflects a 16.56% decrease in his ownership.
• Vistra recently announced an increase in its quarterly dividend to $0.226 per share, with a dividend yield of 0.4%, demonstrating a commitment to returning value to shareholders.

Counterpoint Mutual Funds LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,928 shares of the company's stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VST. Nuveen LLC acquired a new position in Vistra during the first quarter worth about $209,149,000. Assenagon Asset Management S.A. boosted its position in Vistra by 2,341.6% during the second quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock worth $167,755,000 after acquiring an additional 830,111 shares during the last quarter. GAMMA Investing LLC boosted its position in Vistra by 10,810.6% during the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock worth $74,395,000 after acquiring an additional 627,665 shares during the last quarter. Fred Alger Management LLC boosted its position in Vistra by 102.5% during the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock worth $114,309,000 after acquiring an additional 492,765 shares during the last quarter. Finally, 140 Summer Partners LP acquired a new position in Vistra during the first quarter worth about $56,876,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 190,847 shares of company stock valued at $39,921,480. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 3.1%

Shares of Vistra stock opened at $217.88 on Tuesday. The company has a fifty day simple moving average of $198.57 and a 200-day simple moving average of $165.60. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 3.30 and a beta of 1.34.

Vistra (NYSE:VST - Get Free Report) last issued 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the stock an "overweight" rating in a research note on Thursday, August 21st. BMO Capital Markets lifted their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $213.73.

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.

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