Blair William & Co. IL Grows Stock Holdings in Vistra Corp. $VST

Key Points

• Blair William & Co. IL increased its stake in Vistra Corp. by 39.3% during the second quarter, bringing their total holdings to $2.45 million.
• Vistra recently reported a quarterly earnings miss with $1.01 earnings per share, falling short of analysts' expectations of $1.63.
• The company announced a quarterly dividend increase to $0.226 per share, reflecting an annualized dividend of $0.90 and a yield of 0.4%.

Blair William & Co. IL boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 39.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,629 shares of the company's stock after buying an additional 3,566 shares during the period. Blair William & Co. IL's holdings in Vistra were worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Red Mountain Financial LLC boosted its holdings in Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock valued at $472,000 after purchasing an additional 74 shares during the period. Parallel Advisors LLC lifted its holdings in shares of 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 lifted its holdings in shares of 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. Armstrong Advisory Group Inc. lifted its holdings in shares of 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. Finally, Fairvoy Private Wealth LLC raised its position in Vistra by 1.4% in the 2nd 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 period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 1.9%

Shares of Vistra stock opened at $205.55 on Wednesday. The company has a market cap of $69.64 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 3.11 and a beta of 1.33. The company's 50 day moving average is $200.30 and its 200 day moving average is $174.07. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.15 billion. Research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra's dividend payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VST shares. The Goldman Sachs Group boosted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Jefferies Financial Group reiterated a "hold" rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Morgan Stanley boosted their price target on shares of Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Vistra in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $227.58.

Insider Activity

In other news, CEO James A. Burke sold 21,365 shares of the stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $207.55, for a total value of $4,434,305.75. Following the completion of the sale, the chief executive officer directly owned 269,368 shares of the company's stock, valued at $55,907,328.40. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 463,350 shares of company stock valued at $95,374,138 over the last three months. Corporate insiders own 1.42% of the company's stock.

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.

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