Callan Family Office LLC Acquires 23,649 Shares of Vistra Corp. $VST

Key Points

• Callan Family Office LLC increased its holdings in Vistra Corp. by 112.9%, acquiring an additional 23,649 shares, bringing their total to 44,593 shares valued at $8.6 million.
• Vistra's recent analysis by analysts sees an average price target of $227.85, with three analysts rating it as Strong Buy, while the company has also experienced notable insider selling by CEO James A. Burke.
• The company recently declared a quarterly dividend of $0.226, an increase from the previous $0.23, reflecting a positive change in their dividend policy.

Callan Family Office LLC lifted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 112.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,593 shares of the company's stock after acquiring an additional 23,649 shares during the period. Callan Family Office LLC's holdings in Vistra were worth $8,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Banque Transatlantique SA boosted its stake in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. boosted its stake in Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares during the last quarter. Keener Financial Planning LLC bought a new position in Vistra during the first quarter valued at approximately $34,000. WPG Advisers LLC bought a new position in Vistra during the first quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra during the first quarter valued at approximately $39,000. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target for the company. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Scotiabank assumed coverage on Vistra in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Finally, Daiwa Capital Markets upgraded Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Vistra currently has an average rating of "Buy" and an average price target of $227.85.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,376 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total value of $4,307,050.24. Following the sale, the chief executive officer directly owned 264,329 shares in the company, valued at approximately $53,259,650.21. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 422,389 shares of company stock valued at $86,992,610 in the last quarter. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 1.7%

Shares of NYSE VST opened at $209.99 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. The business's 50 day moving average price is $200.69 and its 200-day moving average price is $172.05. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 3.06 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share 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 business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. On average, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date 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 dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

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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