3,150 Shares in Vistra Corp. (NYSE:VST) Bought by Bulltick Wealth Management LLC

Key Points

• Bulltick Wealth Management LLC acquired a new position in Vistra Corp. by purchasing 3,150 shares valued at approximately $370,000 in the first quarter of the year.
• Insiders have been selling significant amounts of stock, with Director Scott B. Helm and EVP Carrie Lee Kirby selling 50,000 and 108,000 shares, respectively, indicating a 16.38% and 33.10% decrease in their holdings.
• Analysts' price targets for Vistra Corp. (NYSE:VST) show a range of opinions, with recent upgrades boosting target prices up to $241.00, reflecting a consensus of a "Moderate Buy" rating.

Bulltick Wealth Management LLC bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,150 shares of the company's stock, valued at approximately $370,000.

A number of other hedge funds have also recently modified their holdings of the business. Independent Advisor Alliance grew its stake in shares of Vistra by 13.4% during the first quarter. Independent Advisor Alliance now owns 66,314 shares of the company's stock valued at $7,788,000 after buying an additional 7,844 shares during the last quarter. Nuveen LLC bought a new position in shares of Vistra during the first quarter valued at approximately $209,149,000. Virtu Financial LLC grew its stake in shares of Vistra by 897.6% during the first quarter. Virtu Financial LLC now owns 23,732 shares of the company's stock valued at $2,787,000 after buying an additional 21,353 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Vistra during the first quarter valued at approximately $558,000. Finally, Cynosure Group LLC bought a new position in Vistra in the first quarter worth approximately $705,000. Institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Down 1.3%

NYSE VST traded down $2.77 during midday trading on Thursday, hitting $202.52. 3,002,319 shares of the company traded hands, compared to its average volume of 7,220,523. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.77. The company has a market cap of $68.62 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. The company's 50-day simple moving average is $190.80 and its 200-day simple moving average is $156.67. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85.

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). 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. As a group, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of several research analyst reports. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Morgan Stanley increased their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. BMO Capital Markets reissued an "outperform" rating and issued a $229.00 price objective (up previously from $191.00) on shares of Vistra in a research note on Tuesday. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group set a $241.00 price objective on Vistra and gave the stock a "buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.62.

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.