Cwm LLC Purchases 2,119 Shares of Vistra Corp. $VST

Key Points

• Cwm LLC has increased its stake in Vistra Corp. by 20.3%, owning a total of 12,567 shares worth approximately $2.4 million after purchasing an additional 2,119 shares in Q2 2023.
• Several analysts have issued new price targets for Vistra, with TD Cowen and Daiwa Capital Markets both setting a price target of $250.00 while Morgan Stanley raised its target to $223.00.
• Insider sales were reported, with CEO James A. Burke selling over 21,000 shares valued at $4.6 million, lowering his stakes by 7.03% amid a broader trend of insider selling totaling about $121.7 million within the last 90 days.

Cwm LLC increased its position in Vistra Corp. (NYSE:VST - Free Report) by 20.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,567 shares of the company's stock after buying an additional 2,119 shares during the quarter. Cwm LLC's holdings in Vistra were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in Vistra by 16.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 47,928 shares of the company's stock worth $9,290,000 after buying an additional 6,901 shares during the last quarter. Sovereign Financial Group Inc. purchased a new position in Vistra in the 2nd quarter worth approximately $229,000. Concurrent Investment Advisors LLC purchased a new position in Vistra in the 2nd quarter worth approximately $402,000. Johnson Investment Counsel Inc. purchased a new position in Vistra in the 2nd quarter worth approximately $323,000. Finally, Apollon Financial LLC purchased a new position in Vistra in the 2nd quarter worth approximately $299,000. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on VST shares. TD Cowen started coverage on Vistra in a research note on Thursday. They issued a "buy" rating and a $250.00 price target on the stock. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Morgan Stanley lifted their price target on Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Finally, Melius Research raised Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus price target of $229.31.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 21,355 shares of the company's stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total value of $4,595,809.55. Following the sale, the chief executive officer directly owned 282,597 shares of the company's stock, valued at $60,817,700.37. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 590,228 shares of company stock valued at $121,653,740 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

Vistra Price Performance

VST opened at $201.53 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. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The stock has a market capitalization of $68.28 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The stock's 50 day moving average price is $200.58 and its 200-day moving average price is $175.84.

Vistra (NYSE:VST - Get Free Report) last posted 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). The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company 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. The ex-dividend date of this dividend 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 yield of 0.4%. Vistra's payout ratio is currently 14.35%.

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.

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