Harrell Investment Partners LLC Purchases New Stake in Vistra Corp. $VST

Harrell Investment Partners LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,089 shares of the company's stock, valued at approximately $793,000.

A number of other large investors have also added to or reduced their stakes in VST. State of Wyoming bought a new stake in Vistra in the 4th quarter valued at $58,000. Ameriflex Group Inc. bought a new position in Vistra during the 4th quarter worth $32,000. B. Riley Wealth Advisors Inc. increased its position in Vistra by 58.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,702 shares of the company's stock worth $1,062,000 after buying an additional 2,849 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Vistra during the 4th quarter worth $17,023,000. Finally, Castle Rock Wealth Management LLC bought a new position in Vistra during the 4th quarter worth $562,000. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 233,569 shares of company stock valued at $48,915,316 in the last quarter. Insiders own 1.42% of the company's stock.

Vistra Stock Down 1.0%

Shares of NYSE VST opened at $202.15 on Thursday. 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 Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a market capitalization of $68.49 billion, a P/E ratio of 32.24, a PEG ratio of 3.19 and a beta of 1.33. The stock's fifty day moving average is $199.20 and its 200 day moving average is $166.12.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 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 company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Sell-side analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on VST. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Morgan Stanley set a $207.00 price objective on Vistra and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Daiwa Capital Markets upgraded Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Finally, Melius Research upgraded Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Vistra presently has an average rating of "Buy" and a consensus price target of $217.13.

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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