Adams Diversified Equity Fund Inc. Buys 9,000 Shares of Vistra Corp. $VST

Key Points

• Adams Diversified Equity Fund Inc. increased its stake in Vistra Corp. by 31.7%, acquiring an additional 9,000 shares during the second quarter, bringing its total holdings to 37,400 shares worth $7.25 million.
• Vistra reported disappointing quarterly earnings, with $1.01 EPS against an expected $1.63, and its revenue of $4.25 billion falling short of the consensus estimate of $5.15 billion.
• The company declared a quarterly dividend increase to $0.226, representing a 0.5% yield, up from a previous dividend of $0.23.

Adams Diversified Equity Fund Inc. grew its stake in Vistra Corp. (NYSE:VST - Free Report) by 31.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,400 shares of the company's stock after acquiring an additional 9,000 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Vistra were worth $7,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vistra in the 1st quarter valued at approximately $1,159,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Vistra by 7.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 79,811 shares of the company's stock valued at $9,373,000 after purchasing an additional 5,204 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Vistra by 4.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after purchasing an additional 130 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Vistra by 55.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,588 shares of the company's stock valued at $891,000 after purchasing an additional 2,721 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Vistra by 2.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company's stock valued at $15,920,000 after purchasing an additional 3,412 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Trading Down 4.1%

NYSE:VST opened at $186.29 on Wednesday. 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 $63.12 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33. 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 business has a 50 day moving average price of $200.00 and a two-hundred day moving average price of $177.06.

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 analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Analyst Ratings Changes

VST has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Vistra in a research report on Wednesday, October 8th. Wall Street Zen downgraded Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Melius started coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target for the company. Finally, Morgan Stanley upped their price target on Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $229.31.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 21,371 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $204.57, for a total value of $4,371,865.47. Following the sale, the chief executive officer owned 287,859 shares in the company, valued at approximately $58,887,315.63. This represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 632,966 shares of company stock valued at $130,462,677. 1.42% of the stock is currently owned by corporate insiders.

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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