Focused Wealth Management Inc Purchases 2,569 Shares of Vistra Corp. $VST

Key Points

• Focused Wealth Management Inc increased its holdings in Vistra Corp. by 48.1% during the second quarter, now owning a total of 7,909 shares valued at approximately $1.53 million.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, reflecting a dividend yield of 0.4% and a payout ratio of 14.35%.
• Brokerages have recently boosted their price targets for Vistra, with UBS Group raising its target to $230.00 and Melius Research setting a target of $295.00, indicating strong buy ratings from multiple analysts.

Focused Wealth Management Inc grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 48.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,909 shares of the company's stock after purchasing an additional 2,569 shares during the quarter. Focused Wealth Management Inc's holdings in Vistra were worth $1,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Parallel Advisors LLC increased its position in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock valued at $490,000 after acquiring an additional 75 shares during the period. Global Financial Private Client LLC grew its stake in shares of Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock valued at $329,000 after buying an additional 76 shares during the period. Armstrong Advisory Group Inc. grew its stake in Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock valued at $46,000 after acquiring an additional 78 shares during the period. Gallacher Capital Management LLC increased its holdings in shares of Vistra by 4.6% during the second quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock valued at $356,000 after acquiring an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of Vistra by 20.5% in the 2nd quarter. Opal Wealth Advisors LLC now owns 476 shares of the company's stock worth $92,000 after purchasing an additional 81 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on VST. UBS Group boosted their price target on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. Melius Research upgraded Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Melius assumed coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Finally, Scotiabank started coverage on Vistra in a research note on Monday. They set a "sector outperform" rating and a $256.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Vistra presently has an average rating of "Buy" and an average target price of $213.73.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 21,360 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $211.50, for a total transaction of $4,517,640.00. Following the completion of the sale, the chief executive officer directly owned 233,242 shares in the company, valued at $49,330,683. This represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 190,847 shares of company stock valued at $39,921,480. Insiders own 1.42% of the company's stock.

Vistra Price Performance

VST opened at $217.88 on Tuesday. The stock has a market capitalization of $73.82 billion, a P/E ratio of 34.75, a PEG ratio of 3.30 and a beta of 1.34. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The stock has a 50-day moving average price of $198.57 and a 200-day moving average price of $165.60. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last announced 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 net margin of 12.90% and a return on equity of 108.41%. Equities analysts predict that Vistra Corp. will post 7 earnings per share 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 is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 14.35%.

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.

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