Harbour Investments Inc. Acquires 1,911 Shares of Vistra Corp. $VST

Key Points

• Harbour Investments Inc. increased its stake in Vistra Corp. by 102.7% during the second quarter, now holding 3,771 shares valued at approximately $731,000.
• CEO James A. Burke sold 21,355 shares of Vistra stock for about $4.6 million, decreasing his holdings by 7.03%.
• Vistra recently declared a quarterly dividend of $0.226, a slight increase from the previous dividend, with a current yield of 0.4%.

Harbour Investments Inc. boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 102.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,771 shares of the company's stock after acquiring an additional 1,911 shares during the quarter. Harbour Investments Inc.'s holdings in Vistra were worth $731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new position in shares of Vistra during the 2nd quarter valued at $337,000. Sagespring Wealth Partners LLC bought a new position in shares of Vistra during the 2nd quarter valued at $454,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Vistra by 63.2% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 7,443 shares of the company's stock valued at $1,443,000 after buying an additional 2,883 shares during the period. Kiker Wealth Management LLC lifted its holdings in shares of Vistra by 611.9% during the 2nd quarter. Kiker Wealth Management LLC now owns 1,139 shares of the company's stock valued at $221,000 after buying an additional 979 shares during the period. Finally, Jag Capital Management LLC bought a new position in shares of Vistra during the 2nd quarter valued at $244,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 21,355 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total value of $4,595,809.55. Following the completion of the sale, the chief executive officer owned 282,597 shares in the company, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 590,228 shares of company stock valued at $121,653,740. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of Vistra stock opened at $201.53 on Monday. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The stock's fifty day moving average is $200.58 and its 200 day moving average is $176.32. The stock has a market cap of $68.28 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results 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). 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. Sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of several research analyst reports. Scotiabank initiated coverage on Vistra in a report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 price target on the stock. Morgan Stanley increased their price target on Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. Cowen assumed coverage on Vistra in a report on Wednesday. They set a "buy" rating on the stock. BMO Capital Markets raised their target price on Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, October 3rd. Finally, Melius Research raised Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Vistra currently has a consensus rating of "Buy" and an average price target of $229.31.

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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