Elevation Point Wealth Partners LLC Buys Shares of 22,726 Vistra Corp. $VST

Key Points

• Elevation Point Wealth Partners initiated a new position in Vistra Corp., buying 22,726 shares valued at about $3.4 million in the first quarter.
• Wall Street remains upbeat on Vistra, with the stock carrying a consensus Buy rating and an average price target of about $230.31, though some analysts recently trimmed targets.
• Vistra posted strong first-quarter results, beating expectations on both earnings and revenue, and it also raised its quarterly dividend; meanwhile, several insiders sold shares in recent transactions.

Elevation Point Wealth Partners LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,726 shares of the company's stock, valued at approximately $3,416,000.

A number of other hedge funds have also made changes to their positions in VST. Empowered Funds LLC lifted its position in Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company's stock worth $2,371,000 after buying an additional 3,920 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Vistra by 40.7% during the 1st quarter. Woodline Partners LP now owns 28,744 shares of the company's stock valued at $3,376,000 after acquiring an additional 8,312 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company's stock worth $920,000 after acquiring an additional 2,125 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Vistra in the second quarter worth $269,000. Finally, Slocum Gordon & Co LLP raised its holdings in shares of Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company's stock worth $233,000 after acquiring an additional 200 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on VST. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Tuesday, June 16th. Weiss Ratings raised Vistra from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Jefferies Financial Group reiterated a "buy" rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. TD Cowen lowered their price target on Vistra from $253.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, May 4th. Finally, Seaport Research Partners reissued a "buy" rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of "Buy" and a consensus target price of $230.31.

Vistra Price Performance

NYSE VST opened at $150.98 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The company has a fifty day simple moving average of $154.37 and a 200 day simple moving average of $158.92. The company has a market cap of $50.91 billion, a P/E ratio of 25.29 and a beta of 1.40. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, sell-side analysts predict that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a $0.229 dividend. The ex-dividend date was Monday, June 22nd. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra's dividend payout ratio is presently 15.41%.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 25,000 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares of the company's stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 firm's stock in a transaction that occurred 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 directly owned 70,714 shares in the company, valued at $12,021,380. This trade 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 sold a total of 41,588 shares of company stock worth $6,739,227 over the last quarter. 0.92% of the stock is currently owned by company insiders.

Vistra 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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