Global Assets Advisory LLC Decreases Stock Position in Vistra Corp. $VST

Key Points

• Global Assets Advisory LLC reduced its stake in Vistra Corp. by 69.5% in the second quarter, now holding 3,610 shares worth $668,000, following the sale of 8,220 shares.
• Several large investors have increased their positions in Vistra, including HM Payson & Co. with a 275.4% increase, highlighting a trend of institutional interest in the company.
• Vistra recently increased its quarterly dividend to $0.226, marking an annualized yield of 0.4%, up from the previous $0.23 per share dividend.

Global Assets Advisory LLC lessened its stake in Vistra Corp. (NYSE:VST - Free Report) by 69.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,610 shares of the company's stock after selling 8,220 shares during the quarter. Global Assets Advisory LLC's holdings in Vistra were worth $668,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. HM Payson & Co. increased its holdings in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares during the last quarter. Banque Transatlantique SA lifted its stake 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 purchasing an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. increased 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 purchasing an additional 78 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Vistra during the first quarter worth approximately $34,000. Finally, WPG Advisers LLC acquired a new stake in Vistra during the first quarter worth approximately $37,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Scotiabank started coverage on Vistra in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price on the stock. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. BMO Capital Markets raised their price target on Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Raymond James Financial assumed coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $224.21.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 19,605 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total value of $3,818,661.90. Following the completion of the transaction, the chief executive officer directly owned 253,815 shares of the company's stock, valued at approximately $49,438,085.70. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 358,274 shares of company stock worth $73,886,457 over the last quarter. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

Shares of VST opened at $202.25 on Monday. 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 stock's 50 day moving average is $200.57 and its two-hundred day moving average is $170.61. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market capitalization of $68.53 billion, a PE ratio of 32.26, a P/E/G ratio of 3.02 and a beta of 1.33.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio (DPR) is 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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