Alta Capital Management LLC Has $10.31 Million Stake in Vistra Corp. $VST

Key Points

• Alta Capital Management LLC increased its stake in Vistra Corp. by 6.5% in Q2, holding a total of 53,174 shares valued at approximately $10.31 million.
• Several hedge funds, including Armstrong Advisory Group Inc., significantly increased their positions in Vistra during the same quarter, indicating growing institutional interest.
• Vistra recently raised its quarterly dividend to $0.226 per share, reflecting a positive change from the previous quarter's dividend of $0.23.

Alta Capital Management LLC grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,174 shares of the company's stock after buying an additional 3,236 shares during the period. Alta Capital Management LLC's holdings in Vistra were worth $10,306,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC increased its stake in shares of Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company's stock valued at $631,000 after purchasing an additional 71 shares during the last quarter. Red Mountain Financial LLC grew its position in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after acquiring an additional 74 shares during the last quarter. Parallel Advisors LLC grew its position in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after acquiring an additional 75 shares during the last quarter. Global Financial Private Client LLC grew its position in Vistra by 4.7% during the 2nd 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 during the last quarter. Finally, Armstrong Advisory Group Inc. grew its position in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after acquiring an additional 78 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Melius initiated coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. Jefferies Financial Group restated a "hold" rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group boosted their price objective on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $227.58.

Vistra Stock Up 2.6%

Shares of VST opened at $210.96 on Thursday. The company has a market capitalization of $71.48 billion, a PE ratio of 33.65, a PEG ratio of 3.05 and a beta of 1.33. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock's 50-day moving average price is $200.50 and its two-hundred day moving average price is $174.32. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 547,510 shares of company stock valued at $112,585,800. 1.42% of the stock is owned by insiders.

Vistra 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.

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