Brucke Financial Inc. Purchases Shares of 1,347 Vistra Corp. $VST

Key Points

• Brucke Financial Inc. acquired 1,347 shares of Vistra Corp., valued at approximately $261,000, during the second quarter.
• Analysts have increased price targets for Vistra Corp., with Goldman Sachs now at $203.00 and UBS at $230.00, indicating a generally positive outlook.
• Vistra recently announced a quarterly dividend increase, now at $0.226, up from the previous $0.23, reflecting the company's commitment to returning value to shareholders.

Brucke Financial Inc. purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,347 shares of the company's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Vistra by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock valued at $492,102,000 after acquiring an additional 11,386 shares during the last quarter. Northern Trust Corp grew its position in Vistra by 1.9% during the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock valued at $362,166,000 after acquiring an additional 57,358 shares during the last quarter. Nuveen LLC bought a new position in Vistra during the first quarter valued at approximately $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Vistra by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company's stock valued at $172,717,000 after acquiring an additional 118,230 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Vistra by 1.5% during the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company's stock valued at $155,920,000 after acquiring an additional 19,679 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Vistra in a research note on Wednesday. Scotiabank began coverage on Vistra in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 price objective for the company. Finally, Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, September 17th. Three research 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $227.85.

Vistra Price Performance

NYSE VST opened at $197.17 on Friday. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The stock has a 50-day moving average of $200.48 and a 200 day moving average of $172.51. The company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.11 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last announced 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). The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. 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. This represents a $0.90 annualized dividend and a yield of 0.5%. Vistra's payout ratio is 14.35%.

Insider Transactions at Vistra

In other Vistra 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 value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 463,350 shares of company stock valued at $95,374,138 over 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.

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