Corient Private Wealth LP Buys Shares of 101,367 Vistra Corp. $VST

Key Points

• Corient Private Wealth initiated a position in Vistra by purchasing 101,367 shares valued at approximately $16.1 million. Institutional investors and hedge funds own 90.88% of the company.
• Analysts maintain a generally positive view, with Vistra holding a consensus “Moderate Buy” rating and an average price target of $223.53, despite some recent target and rating reductions.
• Vistra reported quarterly results below expectations, with $0.76 in earnings per share versus the $1.61 consensus estimate, while maintaining a quarterly dividend of $0.23 per share.

Corient Private Wealth LP purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,367 shares of the company's stock, valued at approximately $16,082,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra during the fourth quarter worth $30,000. Strive Financial Group LLC acquired a new position in Vistra during the fourth quarter worth $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Vistra in the 4th quarter valued at $35,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on VST. UBS Group reduced their price target on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Weiss Ratings cut shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Zacks Research cut shares of Vistra from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 18th. TD Cowen decreased their target price on shares of Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Finally, Seaport Research Partners reiterated a "buy" rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $223.53.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director directly owned 232,200 shares of the company's stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,588 shares of company stock worth $5,914,427 over the last quarter. Company insiders own 0.92% of the company's stock.

Vistra Price Performance

NYSE:VST opened at $137.16 on Friday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $46.04 billion, a P/E ratio of 23.17 and a beta of 1.41. The stock's fifty day moving average is $151.62 and its two-hundred day moving average is $155.48.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Equities analysts expect that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 15.54%.

Vistra Company Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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