Energy Income Partners LLC Has $50.19 Million Stake in Vistra Corp. $VST

Key Points

• Energy Income Partners LLC increased its stake in Vistra Corp. by 3.2%, holding 427,339 shares valued at approximately $50.2 million as of the latest SEC filing.
• Insider transactions included Director Scott B. Helm selling 50,000 shares for over $8.6 million, reducing his ownership by 16.38%, while Director John R. Sult sold 25,000 shares for around $4.3 million, decreasing his position by 24.77%.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, a positive change from the previous dividend, with a current annualized yield of 0.5%.

Energy Income Partners LLC increased its position in Vistra Corp. (NYSE:VST - Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,339 shares of the company's stock after buying an additional 13,115 shares during the period. Energy Income Partners LLC owned about 0.13% of Vistra worth $50,187,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Amalgamated Bank increased its position in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Vistra in the first quarter valued at $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the first quarter valued at $432,000. Envestnet Asset Management Inc. boosted its stake in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE:VST traded up $2.26 during midday trading on Wednesday, reaching $188.07. The stock had a trading volume of 2,729,291 shares, compared to its average volume of 3,900,570. The firm's fifty day simple moving average is $195.59 and its 200-day simple moving average is $159.63. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a market capitalization of $63.72 billion, a P/E ratio of 24.06, a PEG ratio of 2.18 and a beta of 1.33. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates 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 forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Melius assumed coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. UBS Group raised their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $201.43.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares of the company's stock, valued at $44,084,418. This trade represents a 16.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the transaction, the director owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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.