1,963 Shares in Vistra Corp. $VST Bought by Holderness Investments Co.

Key Points

• Holderness Investments Co. acquired a new stake in Vistra Corp. by purchasing 1,963 shares valued at approximately $231,000 in the first quarter of 2023.
• Several analysts have issued ratings for Vistra, with Jefferies Financial Group raising their target price to $241.00 and giving it a "buy" rating, while the consensus target price stands at $192.62.
• Vistra Corp. announced a quarterly dividend increase to $0.226 per share, set to be paid on September 30th, marking a positive change from its previous dividend of $0.23.

Holderness Investments Co. purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,963 shares of the company's stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. HM Payson & Co. raised its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Vistra in the 4th quarter valued at $32,000. Keener Financial Planning LLC purchased a new stake in Vistra in the 1st quarter valued at about $34,000. Zions Bancorporation National Association UT acquired a new position in Vistra in the 1st quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC acquired a new position in Vistra in the first quarter valued at approximately $46,000. Institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

NYSE:VST traded down $5.16 during midday trading on Friday, reaching $197.19. 4,021,603 shares of the company traded hands, compared to its average volume of 5,030,360. 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 Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The company has a fifty day moving average price of $191.90 and a 200 day moving average price of $157.34. The firm has a market capitalization of $66.81 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last announced its 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 company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. 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. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Raymond James Financial assumed coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $192.62.

Insider Activity at Vistra

In related news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the transaction, the executive vice president directly owned 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 in the last 90 days. Insiders own 1.42% of the company's stock.

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.