2,692 Shares in Vistra Corp. (NYSE:VST) Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC acquired 2,692 shares of Vistra Corp. valued at approximately $316,000, marking its new position in the company during the first quarter.
• Executives from Vistra, including EVP Carrie Lee Kirby and Scott A. Hudson, sold a combined total of 164,000 shares in recent transactions, indicating a notable decrease in their ownership stakes.
• Vistra announced a quarterly dividend increase to $0.226 per share, up from $0.23, representing an annual yield of approximately 0.5% and a payout ratio of 14.35%.

Chicago Partners Investment Group LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,692 shares of the company's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Amalgamated Bank lifted its stake in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Vistra in the first quarter worth approximately $341,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Vistra in the first quarter worth approximately $432,000. Envestnet Asset Management Inc. lifted its stake in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after purchasing an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

NYSE VST traded down $2.77 during trading hours on Thursday, reaching $202.52. 3,002,319 shares of the company were exchanged, compared to its average volume of 7,220,523. The business's 50 day simple moving average is $190.80 and its 200-day simple moving average is $156.67. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85. The stock has a market capitalization of $68.62 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.55 and a beta of 1.30. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's 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 transaction, the executive vice president directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. The trade was a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 in the last quarter. Insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VST shares. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group raised 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. Morgan Stanley raised their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Jefferies Financial Group set a $241.00 price objective on Vistra and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $229.00 target price (up previously from $191.00) on shares of Vistra in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.62.

Vistra Company 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.