A. D. Beadell Investment Counsel Inc. Invests $1.33 Million in Vistra Corp. $VST

Key Points

• A. D. Beadell Investment Counsel acquired 8,400 Vistra shares worth approximately $1.33 million in the second quarter. Institutional investors own 90.88% of the company.
• Vistra’s latest quarterly results fell short of expectations, with EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus expectations of $5.46 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $223.53. Vistra also declared a quarterly dividend of $0.23 per share, equal to a 0.7% annualized yield.

A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,400 shares of the company's stock, valued at approximately $1,332,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Equitable Holdings Inc. raised its holdings in Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock worth $1,380,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. grew its holdings in Vistra by 3.8% during the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company's stock valued at $286,000 after purchasing an additional 65 shares during the period. Rothschild Investment LLC grew its holdings in Vistra by 2.9% during the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company's stock valued at $389,000 after purchasing an additional 68 shares during the period. Outlook Wealth Advisors LLC increased its position in Vistra by 4.9% in the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company's stock worth $227,000 after buying an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its position in Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company's stock worth $2,333,000 after buying an additional 73 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of Vistra stock opened at $137.45 on Tuesday. The company has a market capitalization of $46.13 billion, a price-to-earnings ratio of 23.22 and a beta of 1.41. 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's 50-day simple moving average is $151.02 and its 200-day simple moving average is $155.34. 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 earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, analysts expect that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 15.54%.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Zacks Research lowered shares of Vistra from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. Seaport Research Partners restated a "buy" rating and set a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. Morgan Stanley lifted their price target on shares of Vistra from $212.00 to $227.00 and gave the company an "overweight" rating in a report on Friday, August 21st. Finally, The Goldman Sachs Group set a $206.00 price target on shares of Vistra in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $223.53.

Insider Buying and Selling at Vistra

In other news, Director John R. Sult sold 6,500 shares of the business's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company's stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,988 shares of company stock valued at $5,178,427 in the last three months. 0.92% of the stock is currently owned by corporate insiders.

About Vistra

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.

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