Exchange Traded Concepts LLC Has $11.21 Million Stock Holdings in Vistra Corp. $VST

Key Points

• Exchange Traded Concepts LLC increased its holdings in Vistra Corp. by 28.9% during the second quarter, acquiring an additional 12,970 shares for a total worth of approximately $11.2 million.
• Vistra recently posted earnings of $1.01 per share, falling short of the consensus estimate of $1.63, with revenue reported at $4.25 billion against expectations of $5.15 billion.
• Vistra announced a quarterly dividend of $0.226 per share, representing a slight increase from the previous dividend, and will be paid to investors on September 30th.

Exchange Traded Concepts LLC grew its position in Vistra Corp. (NYSE:VST - Free Report) by 28.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,814 shares of the company's stock after acquiring an additional 12,970 shares during the period. Exchange Traded Concepts LLC's holdings in Vistra were worth $11,205,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth approximately $341,000. Dynamic Advisor Solutions LLC bought a new position in Vistra in the 1st quarter worth approximately $432,000. Peak Financial Advisors LLC bought a new position in Vistra in the 2nd quarter worth approximately $547,000. Finally, Envestnet Asset Management Inc. raised its position in Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE VST traded up $0.92 during trading hours on Friday, hitting $211.08. 9,186,274 shares of the stock were exchanged, compared to its average volume of 3,842,753. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The company has a market cap of $71.52 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 3.28 and a beta of 1.33. The company's fifty day simple moving average is $198.11 and its two-hundred day simple moving average is $164.26. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $217.90.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is 14.35%.

Analyst Ratings Changes

A number of research firms have commented on VST. Jefferies Financial Group lifted their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Melius began coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target on the stock. Finally, BMO Capital Markets upped their target price on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $210.71.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 148,121 shares of company stock worth $30,849,036 over the last ninety days. 1.42% of the stock is owned by company insiders.

Vistra 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.