Intelligence Driven Advisers LLC Makes New Investment in Vistra Corp. $VST

Key Points

• Intelligence Driven Advisers LLC recently acquired 1,641 shares of Vistra Corp., valued at approximately $318,000, during the second quarter.
• Several institutional investors have increased their positions or purchased new stakes in Vistra, with over 90% of the stock owned by institutional investors.
• Vistra's CEO sold 43,074 shares of the company stock for about $8.99 million, and the company has reported a quarterly EPS miss as well as increased its dividend.

Intelligence Driven Advisers LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,641 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HM Payson & Co. increased its position in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra in the fourth quarter worth $32,000. Banque Transatlantique SA increased its position in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares during the period. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter worth about $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of Vistra during the 1st quarter valued at about $37,000. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a report on Friday, August 8th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Two investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction 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. The trade was a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 105,402 shares of company stock worth $21,742,629. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

Shares of NYSE VST opened at $209.22 on Wednesday. The business has a 50 day moving average price of $197.31 and a two-hundred day moving average price of $162.77. The firm has a market cap of $70.89 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a fifty-two week low of $88.89 and a fifty-two week high of $217.90.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared 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 an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is presently 14.35%.

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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