Apollon Financial LLC Invests $299,000 in Vistra Corp. $VST

Key Points

• Apollon Financial LLC has invested approximately $299,000 in Vistra Corp., acquiring 1,545 shares during the 2nd quarter, as reported in a recent SEC filing.
• Vistra's CEO, James A. Burke, sold 21,365 shares at an average price of $207.55, which resulted in a total value of over $4.4 million, reflecting a 7.35% decrease in his position.
• Analysts have raised their target prices for Vistra stock, with Morgan Stanley adjusting its target from $207 to $223, and a consensus rating of "Buy" with an average target price of $227.85.

Apollon Financial LLC acquired a new position in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,545 shares of the company's stock, valued at approximately $299,000.

Several other large investors have also recently modified their holdings of the stock. Red Mountain Financial LLC increased its holdings in shares of Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after buying an additional 74 shares during the period. Parallel Advisors LLC increased its holdings in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after buying an additional 75 shares during the period. Global Financial Private Client LLC increased its holdings in shares of Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock worth $329,000 after buying an additional 76 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after purchasing an additional 78 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its stake in shares of Vistra by 1.4% in the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company's stock worth $1,108,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Vistra stock opened at $197.17 on Friday. The stock's 50 day simple moving average is $200.48 and its two-hundred day simple moving average is $172.84. 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 stock has a market cap of $66.80 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.92 and a beta of 1.33. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

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

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is presently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,365 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $207.55, for a total value of $4,434,305.75. Following the sale, the chief executive officer directly owned 269,368 shares of the company's stock, valued at $55,907,328.40. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 463,350 shares of company stock valued at $95,374,138. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

VST has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Melius initiated coverage on Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price on the stock. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, September 17th. Scotiabank initiated coverage on Vistra in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price on the stock. Finally, UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $227.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.