Allstate Corp Buys 2,945 Shares of Vistra Corp. $VST

Key Points

• Allstate Corp increased its stake in Vistra Corp. by 29%, owning 13,096 shares valued at approximately $1.54 million.
• Vistra recently increased its quarterly dividend from $0.23 to $0.226 per share, with an upcoming payment date of September 30th.
• Analysts have set new price targets for Vistra, with a range up to $295, reflecting a strong outlook for the company.

Allstate Corp boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 29.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,096 shares of the company's stock after buying an additional 2,945 shares during the period. Allstate Corp's holdings in Vistra were worth $1,538,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. HM Payson & Co. boosted its stake in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Vistra in the 4th quarter valued at approximately $32,000. Keener Financial Planning LLC acquired a new stake in shares of Vistra in the 1st quarter valued at approximately $34,000. Zions Bancorporation National Association UT acquired a new stake in shares of Vistra in the 1st quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Vistra in the 1st quarter valued at approximately $46,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the topic of a number of research analyst reports. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. The Goldman Sachs Group boosted their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. UBS Group boosted their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Insider Buying and Selling

In other news, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the sale, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

NYSE VST traded up $5.42 during trading on Tuesday, hitting $195.50. 3,425,883 shares of the company's stock traded hands, compared to its average volume of 4,515,265. The stock has a market capitalization of $66.24 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 2.19 and a beta of 1.30. Vistra Corp. has a 12-month low of $72.90 and a 12-month high of $216.85. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The business has a 50 day moving average of $194.84 and a 200-day moving average of $158.59.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. As a group, equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

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.