Exchange Traded Concepts LLC Acquires 12,970 Shares of 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 raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 28.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,814 shares of the company's stock after buying an additional 12,970 shares during the period. Exchange Traded Concepts LLC's holdings in Vistra were worth $11,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA increased its holdings in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. increased its stake in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Vistra during the fourth quarter valued at approximately $32,000. Keener Financial Planning LLC purchased a new position in Vistra during the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC purchased a new position in Vistra during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

VST opened at $210.13 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market cap of $71.20 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.25 and a beta of 1.33. The company's 50 day moving average is $197.82 and its 200 day moving average is $163.68. Vistra Corp. has a 12-month low of $90.26 and a 12-month high of $217.90.

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

Vistra Increases Dividend

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

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 148,121 shares of company stock valued at $30,849,036 in the last three months. Corporate insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Melius started coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Finally, Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Vistra has an average rating of "Buy" and a consensus price target of $210.71.

About Vistra

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.

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