Bryant Woods Investment Advisors LLC Acquires New Shares in Vistra Corp. $VST

Key Points

• Bryant Woods Investment Advisors LLC has acquired a new stake in Vistra Corp. by purchasing 1,450 shares, valued at approximately $281,000.
• Vistra recently announced a quarterly dividend increase to $0.226, reflecting a 0.5% yield, with a payout ratio of 14.35%.
• Analysts show optimism in Vistra’s stock, with several firms assigning it a strong-buy rating and setting an average price target of $227.85.

Bryant Woods Investment Advisors LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,450 shares of the company's stock, valued at approximately $281,000.

Several other large investors have also bought and sold shares of VST. Brucke Financial Inc. bought a new position in Vistra in the second quarter valued at about $261,000. Gunderson Capital Management Inc. acquired a new stake in shares of Vistra during the second quarter valued at about $6,952,000. Costello Asset Management INC boosted its stake in shares of Vistra by 8.1% during the second quarter. Costello Asset Management INC now owns 5,584 shares of the company's stock valued at $1,082,000 after purchasing an additional 420 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Vistra by 4.1% during the second quarter. IFP Advisors Inc now owns 7,326 shares of the company's stock valued at $1,499,000 after purchasing an additional 291 shares in the last quarter. Finally, Callan Family Office LLC boosted its stake in shares of Vistra by 112.9% during the second quarter. Callan Family Office LLC now owns 44,593 shares of the company's stock valued at $8,643,000 after purchasing an additional 23,649 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the topic of a number of recent research reports. Melius Research raised Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Raymond James Financial initiated coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Melius initiated coverage on Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target on the stock. UBS Group lifted their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $227.85.

Vistra Stock Down 6.1%

Vistra stock opened at $197.17 on Friday. 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 Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The firm has a 50 day moving average price of $200.48 and a two-hundred day moving average price of $172.51. The firm has a market cap of $66.80 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.11 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last released its quarterly 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date was Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. Vistra's dividend payout ratio is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 21,365 shares of Vistra 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 completion of the sale, the chief executive officer directly owned 269,368 shares in the company, valued at approximately $55,907,328.40. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 463,350 shares of company stock valued at $95,374,138 in the last ninety days. 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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