Bank of Hawaii Purchases 2,301 Shares of Vistra Corp. $VST

Key Points

• Bank of Hawaii has increased its holdings in Vistra Corp. by 24.2%, acquiring an additional 2,301 shares in the first quarter, bringing their total to 11,817 shares worth approximately $1.39 million.
• Vistra Corp. reported earnings of $1.01 EPS for the last quarter, missing analyst expectations by $0.62, with total revenue of $4.25 billion against estimates of $5.15 billion.
• Vistra announced an increase in its quarterly dividend to $0.226, with a payout ratio of 14.35%, reflecting a 0.5% yield and set to be paid on September 30th.

Bank of Hawaii boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 24.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,817 shares of the company's stock after purchasing an additional 2,301 shares during the quarter. Bank of Hawaii's holdings in Vistra were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after buying an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new position in Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC bought a new position in Vistra in the first quarter valued at approximately $432,000. Envestnet Asset Management Inc. grew its holdings in Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after acquiring an additional 224 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of VST opened at $190.2960 on Monday. The stock has a 50 day simple moving average of $194.24 and a 200 day simple moving average of $158.17. Vistra Corp. has a 52-week low of $72.90 and a 52-week 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 firm has a market capitalization of $64.48 billion, a PE ratio of 30.35, a P/E/G ratio of 2.19 and a beta of 1.30.

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%. Sell-side analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.5%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is presently 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. The Goldman Sachs Group raised their target price on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Morgan Stanley increased their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Finally, Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Two investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.93.

Insider Buying and Selling

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director 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. In the last ninety days, insiders sold 110,000 shares of company stock valued at $18,579,650. Company insiders own 1.42% of the company's stock.

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.

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