Oliver Lagore Vanvalin Investment Group Makes New $819,000 Investment in Vistra Corp. $VST

Key Points

• Oliver Lagore Vanvalin Investment Group purchased 4,226 shares of Vistra Corp. for approximately $819,000 during the 2nd quarter, marking a growing interest among institutional investors.
• Vistra recently reported $1.01 earnings per share for the quarter, which was below analysts' estimates of $1.63, alongside revenue of $4.25 billion that also missed expectations.
• The company announced an increase in its quarterly dividend to $0.226 per share, representing a 0.4% yield and a boost from the previous dividend of $0.23.

Oliver Lagore Vanvalin Investment Group bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,226 shares of the company's stock, valued at approximately $819,000.

A number of other large investors have also modified their holdings of the company. Global Financial Private Client LLC raised its stake in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock worth $329,000 after acquiring an additional 76 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Vistra by 28.9% during the second quarter. Exchange Traded Concepts LLC now owns 57,814 shares of the company's stock worth $11,205,000 after buying an additional 12,970 shares during the last quarter. Marshall Financial Group LLC acquired a new stake in shares of Vistra during the second quarter worth about $1,475,000. Park Capital Management LLC WI acquired a new stake in Vistra in the 2nd quarter valued at approximately $425,000. Finally, Fulton Bank N.A. acquired a new position in shares of Vistra during the 2nd quarter worth approximately $391,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the subject of several research analyst reports. Daiwa America upgraded Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Melius began coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price on the stock. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. Morgan Stanley set a $207.00 price objective on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, UBS Group lifted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus price target of $213.73.

Vistra Stock Up 3.7%

Shares of Vistra stock traded up $7.85 during trading on Monday, reaching $219.13. The company's stock had a trading volume of 2,121,891 shares, compared to its average volume of 6,768,802. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a market cap of $74.24 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 3.30 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $217.90. The company has a 50-day simple moving average of $198.11 and a two-hundred day simple moving average of $164.87.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current 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 dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is presently 14.35%.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 148,121 shares of company stock worth $30,849,036. Insiders own 1.42% of the company's stock.

Vistra Company 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.