Doheny Asset Management CA Boosts Position in Vistra Corp. $VST

Key Points

• Doheny Asset Management CA increased its position in Vistra Corp. by 23.5%, holding a total of 41,412 shares valued at approximately $4.86 million.
• Vistra recently reported earnings per share of $1.01, missing analysts' expectations of $1.63, with a revenue of $4.25 billion compared to the anticipated $5.15 billion.
• The firm announced a quarterly dividend increase to $0.226 per share, marking a rise from the previous dividend of $0.23, with an ex-dividend date of September 19th.

Doheny Asset Management CA boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 23.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,412 shares of the company's stock after buying an additional 7,877 shares during the quarter. Vistra comprises 3.8% of Doheny Asset Management CA's portfolio, making the stock its 6th biggest holding. Doheny Asset Management CA's holdings in Vistra were worth $4,863,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Forest Avenue Capital Management LP lifted its position in Vistra by 12.3% during the 1st quarter. Forest Avenue Capital Management LP now owns 592,760 shares of the company's stock worth $69,614,000 after acquiring an additional 64,953 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vistra by 6.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 74,360 shares of the company's stock valued at $8,733,000 after buying an additional 4,761 shares during the period. Allstate Corp raised its position in Vistra by 29.0% in the first quarter. Allstate Corp now owns 13,096 shares of the company's stock worth $1,538,000 after purchasing an additional 2,945 shares in the last quarter. Glendon Capital Management LP lifted its position in shares of Vistra by 29.4% during the 1st quarter. Glendon Capital Management LP now owns 748,893 shares of the company's stock worth $87,950,000 after buying an additional 170,000 shares during the period. Finally, Norinchukin Bank The boosted its stake in shares of Vistra by 10.5% in the 1st quarter. Norinchukin Bank The now owns 13,557 shares of the company's stock valued at $1,592,000 after purchasing an additional 1,292 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group increased their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Melius Research raised shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. The Goldman Sachs Group boosted their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, UBS Group increased their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $199.93.

Vistra Stock Performance

NYSE:VST traded down $0.56 during mid-day trading on Monday, hitting $189.90. 2,720,997 shares of the stock were exchanged, compared to its average volume of 4,539,679. The firm's 50-day simple moving average is $194.49 and its 200 day simple moving average is $158.34. The stock has a market capitalization of $64.34 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. 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 (NYSE:VST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is 14.35%.

Insider Activity

In other news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 value of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,000 shares of company stock worth $18,579,650. 1.42% of the stock is currently owned by corporate insiders.

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.