Andina Capital Management LLC Invests $341,000 in Vistra Corp. $VST

Key Points

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Andina Capital Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,903 shares of the company's stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Jump Financial LLC grew its position in Vistra by 56.5% during the fourth quarter. Jump Financial LLC now owns 9,256 shares of the company's stock valued at $1,276,000 after buying an additional 3,340 shares during the period. Marshall Wace LLP acquired a new stake in Vistra during the fourth quarter valued at $633,000. GeoWealth Management LLC grew its position in Vistra by 10.7% during the fourth quarter. GeoWealth Management LLC now owns 2,486 shares of the company's stock valued at $343,000 after buying an additional 240 shares during the period. Ossiam acquired a new stake in Vistra during the fourth quarter valued at $738,000. Finally, Natixis acquired a new stake in Vistra during the fourth quarter valued at $8,032,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Melius began coverage on shares of Vistra in a research report on Wednesday. They issued a "buy" rating and a $295.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets lifted their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group lifted their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley lifted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $199.93.

Vistra Stock Up 0.0%

Shares of Vistra stock traded up $0.0160 during trading hours on Friday, hitting $190.2960. The company had a trading volume of 3,444,858 shares, compared to its average volume of 7,087,100. The company's 50-day moving average is $193.90 and its two-hundred day moving average is $158.19. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of $64.48 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. 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. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $18,579,650 in the last 90 days. Company insiders own 1.42% of the company's stock.

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.