Avaii Wealth Management LLC Invests $370,000 in Vistra Corp. $VST

Key Points

• Avaii Wealth Management LLC has invested approximately $370,000 in Vistra Corp, acquiring 1,910 shares of the company’s stock during the second quarter.
• Several institutional investors, including Parallel Advisors LLC and Armstrong Advisory Group Inc., have also increased their stakes in Vistra, with overall institutional ownership at 90.88%.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, with a yield of 0.4%, payable to shareholders of record on September 19th.

Avaii Wealth Management LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,910 shares of the company's stock, valued at approximately $370,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted 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 valued at $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC lifted its position in 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 purchasing an additional 76 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock valued at $46,000 after purchasing an additional 78 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of Vistra by 4.6% during the 2nd quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock valued at $356,000 after purchasing an additional 81 shares during the period. Finally, Opal Wealth Advisors LLC raised its stake in shares of Vistra by 20.5% in the 2nd quarter. Opal Wealth Advisors LLC now owns 476 shares of the company's stock worth $92,000 after buying an additional 81 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 233,569 shares of company stock valued at $48,915,316. Corporate insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VST. Scotiabank started coverage on shares of Vistra in a research report on Monday. They issued a "sector outperform" rating and a $256.00 price target on the stock. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. BMO Capital Markets increased their target price on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $217.13.

Vistra Price Performance

NYSE VST opened at $202.15 on Thursday. 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 firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33. The company has a 50 day simple moving average of $199.20 and a 200-day simple moving average of $166.12. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio is presently 14.35%.

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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