Integrity Alliance LLC. Acquires Shares of 9,726 Vistra Corp. $VST

Key Points

• Integrity Alliance LLC has invested approximately $1.14 million in Vistra Corp., acquiring 9,726 shares during the first quarter.
• Vistra Corp. reported a miss on earnings this quarter, with an EPS of $1.01 compared to an expected $1.63, leading to a decline in share price.
• The company has recently announced an increase in its quarterly dividend to $0.226 per share, representing a yield of 0.4%.

Integrity Alliance LLC. bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,726 shares of the company's stock, valued at approximately $1,142,000.

A number of other hedge funds have also modified their holdings of VST. Amalgamated Bank increased its stake in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new stake in Vistra in the 1st quarter worth $432,000. Envestnet Asset Management Inc. raised its holdings in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after acquiring an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after acquiring an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VST shares. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price for the company. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the company an "overweight" rating in a report on Thursday, August 21st. UBS Group lifted their price objective 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. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST traded up $5.62 during mid-day trading on Friday, hitting $209.67. 3,821,177 shares of the stock were exchanged, compared to its average volume of 3,786,083. The company has a market cap of $71.04 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.28 and a beta of 1.34. Vistra Corp. has a 52-week low of $81.12 and a 52-week high of $216.85. The firm has a 50-day moving average of $196.55 and a two-hundred day moving average of $161.89. 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 posted its earnings results 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. On average, equities analysts predict 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 issued a $0.226 dividend. 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 dividend on an annualized basis and a dividend yield of 0.4%. Vistra's payout ratio is presently 14.35%.

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.