Deepwater Asset Management LLC Purchases Shares of 46,192 Vistra Corp. $VST

Key Points

• Deepwater Asset Management initiated a 46,192-share position in Vistra worth approximately $7.3 million, making up 3.3% of its portfolio. Institutional investors collectively own 90.88% of Vistra.
• Vistra’s latest quarterly results fell short of expectations, with earnings of $0.76 per share versus a $1.61 consensus estimate and revenue of $4.02 billion versus $5.46 billion expected.
• Despite recent insider selling and the earnings miss, analysts maintain a consensus “Buy” rating with an average price target of $228.56, while Vistra announced a quarterly dividend of $0.23 per share.

Deepwater Asset Management 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 13F filing with the Securities & Exchange Commission. The firm acquired 46,192 shares of the company's stock, valued at approximately $7,327,000. Vistra comprises about 3.3% of Deepwater Asset Management LLC's investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra during the fourth quarter worth approximately $30,000. Strive Financial Group LLC acquired a new position in Vistra during the fourth quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC increased its position in Vistra by 74.8% during the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 92 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 244 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company's stock, valued at $8,109,918. This represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company's stock, valued at $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 in the last 90 days. Company insiders own 0.92% of the company's stock.

Vistra Price Performance

Shares of NYSE VST opened at $140.39 on Wednesday. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 23.71 and a beta of 1.41. The business has a 50-day moving average of $154.02 and a 200-day moving average of $156.25.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. On average, equities analysts anticipate that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra's payout ratio is currently 15.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VST shares. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. reduced their target price on Vistra from $240.00 to $231.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. Morgan Stanley boosted their target price on Vistra from $208.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $228.56.

About Vistra

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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