4,226 Shares in Vistra Corp. $VST Purchased by Oliver Lagore Vanvalin Investment Group

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 acquired a new position in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,226 shares of the company's stock, valued at approximately $819,000.

Several other large investors also recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC increased its position in shares of Vistra by 4.7% in 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. Gallacher Capital Management LLC boosted its holdings in Vistra by 4.6% in the 2nd quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock worth $356,000 after acquiring an additional 81 shares during the period. Cordatus Wealth Management LLC boosted its holdings in Vistra by 2.0% in the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after acquiring an additional 83 shares during the period. Finally, Oak Grove Capital LLC boosted its holdings in Vistra by 0.5% in the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock worth $2,321,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction on 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. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 190,847 shares of company stock worth $39,921,480 over the last quarter. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Performance

VST traded up $6.60 during trading hours on Monday, hitting $217.88. 4,803,841 shares of the stock were exchanged, compared to its average volume of 4,129,812. The stock has a 50-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 stock has a market cap of $73.82 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data 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 return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Analysts anticipate 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. Shareholders of record on Friday, September 19th will be given a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio is 14.35%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Scotiabank assumed coverage on Vistra in a report on Monday. They issued a "sector outperform" rating and a $256.00 price target for the company. BMO Capital Markets upped their price target on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Morgan Stanley set a $207.00 target price on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $213.73.

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.