GC Wealth Management RIA LLC Grows Position in Vistra Corp. $VST

Key Points

• GC Wealth Management RIA LLC significantly increased its position in Vistra Corp. by 98.8% in Q2, acquiring an additional 2,465 shares to own a total of 4,959 shares worth approximately $961,000.
• Vistra's recent earnings report reflected a missed estimate with earnings per share of $1.01 compared to the expected $1.63, alongside revenue of $4.25 billion against a forecast of $5.15 billion.
• The company announced a quarterly dividend of $0.226 per share, showing a slight increase from its previous dividend and reflecting a low dividend payout ratio of 14.35%.

GC Wealth Management RIA LLC increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 98.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,959 shares of the company's stock after acquiring an additional 2,465 shares during the quarter. GC Wealth Management RIA LLC's holdings in Vistra were worth $961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of Vistra by 21.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the company's stock valued at $138,000 after purchasing an additional 204 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vistra by 10,810.6% in the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock worth $74,395,000 after buying an additional 627,665 shares in the last quarter. Rothschild Investment LLC boosted its stake in Vistra by 81.9% during the first quarter. Rothschild Investment LLC now owns 842 shares of the company's stock valued at $99,000 after buying an additional 379 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Vistra by 99.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,798 shares of the company's stock valued at $681,000 after buying an additional 2,885 shares in the last quarter. Finally, Czech National Bank increased its stake in Vistra by 5.9% in the 1st quarter. Czech National Bank now owns 78,144 shares of the company's stock worth $9,177,000 after acquiring an additional 4,376 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Down 4.6%

Shares of NYSE VST opened at $197.71 on Tuesday. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The firm has a 50-day simple moving average of $200.07 and a two-hundred day simple moving average of $168.58. The company has a market cap of $66.99 billion, a P/E ratio of 31.53, a PEG ratio of 3.14 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio is 14.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VST. BMO Capital Markets increased their target price on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Morgan Stanley boosted their target price on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $218.20.

Insider Activity

In other news, CEO James A. Burke sold 21,379 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $199.90, for a total value of $4,273,662.10. Following the transaction, the chief executive officer directly owned 243,770 shares in the company, valued at approximately $48,729,623. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 276,319 shares of company stock worth $57,544,816 over the last ninety days. 1.42% of the stock is currently owned by insiders.

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.

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