Advisors Preferred LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,107 shares of the company's stock, valued at approximately $3,490,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Equitable Holdings Inc. increased its position in Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock valued at $1,380,000 after acquiring an additional 61 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Vistra by 3.8% during the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company's stock worth $286,000 after purchasing an additional 65 shares during the period. Rothschild Investment LLC boosted its stake in shares of Vistra by 2.9% during the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company's stock worth $389,000 after purchasing an additional 68 shares during the period. Outlook Wealth Advisors LLC grew its holdings in Vistra by 4.9% during the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company's stock valued at $227,000 after purchasing an additional 70 shares during the last quarter. Finally, Principle Wealth Partners LLC grew its holdings in Vistra by 0.5% during the 4th quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company's stock valued at $2,333,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.
Insider Transactions at Vistra
In related news, Director Paul M. Barbas sold 244 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares of the company's stock, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock worth $6,739,227 over the last quarter. 0.92% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
VST has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Vistra from $208.00 to $212.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on Vistra from $240.00 to $231.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Raymond James Financial set a $208.00 price target on Vistra in a report on Monday, April 27th. Weiss Ratings lowered Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Finally, TD Cowen decreased their price target on Vistra from $222.00 to $221.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $226.00.
View Our Latest Analysis on Vistra
Vistra Price Performance
Vistra stock opened at $138.88 on Friday. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 23.46 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm has a 50-day moving average of $153.96 and a two-hundred day moving average of $155.97.
Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $5.46 billion. On average, research analysts forecast that Vistra Corp. will post 9.23 earnings per share for the current year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 15.54%.
About Vistra
(
Free Report)
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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