Chung Wu Investment Group LLC Makes New Investment in Vistra Corp. $VST

Key Points

• Chung Wu Investment Group LLC has acquired 5,425 shares of Vistra Corp. ($VST), valued at approximately $1,051,000, making Vistra 1.1% of its total holdings.
• Vistra recently declared a quarterly dividend of $0.226, representing a boost from its previous dividend and an annualized yield of 0.4%.
• Analyst ratings for Vistra show a consensus of "Buy" with an average target price of $224.21, and three analysts have given it a "Strong Buy" rating.

Chung Wu Investment Group LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,425 shares of the company's stock, valued at approximately $1,051,000. Vistra makes up 1.1% of Chung Wu Investment Group LLC's holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently bought and sold shares of VST. Amalgamated Bank boosted its holdings in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Vistra in the 1st quarter valued at about $341,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vistra during the 1st quarter worth approximately $432,000. Peak Financial Advisors LLC bought a new stake in shares of Vistra during the second quarter worth approximately $547,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after buying an additional 57,551 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on VST shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Vistra in a report on Saturday, September 27th. The Goldman Sachs Group raised their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. UBS Group increased their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Scotiabank initiated coverage on Vistra in a report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus target price of $224.21.

Vistra Stock Performance

VST opened at $202.25 on Monday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. 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 simple moving average is $200.57 and its 200 day simple moving average is $170.61. The firm has a market capitalization of $68.53 billion, a PE ratio of 32.26, a PEG ratio of 3.02 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last released 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 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 analyst estimates of $5.15 billion. As a group, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 358,274 shares of company stock valued at $73,886,457 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

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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