IPG Investment Advisors LLC Acquires 9,957 Shares of Vistra Corp. $VST

Key Points

• IPG Investment Advisors increased its Vistra stake by 64.2%, adding 9,957 shares in the third quarter to hold 25,457 shares valued at about $3.52 million.
• Analysts maintain a Moderate Buy consensus, with an average price target of $202.43; 17 analysts rate the stock Buy, while one rates it Hold and one Sell.
• Vistra reported quarterly EPS of $0.76, below the $1.61 consensus, and revenue of $4.02 billion versus expectations of $5.46 billion. It also raised its quarterly dividend to $0.231 per share.

IPG Investment Advisors LLC raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,457 shares of the company's stock after acquiring an additional 9,957 shares during the quarter. IPG Investment Advisors LLC's holdings in Vistra were worth $3,522,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Vistra in the second quarter worth approximately $4,610,496,000. State Street Corp boosted its holdings in shares of Vistra by 0.5% during the second quarter. State Street Corp now owns 16,850,452 shares of the company's stock worth $2,672,987,000 after purchasing an additional 79,972 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Vistra by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company's stock worth $516,616,000 after purchasing an additional 32,982 shares during the period. Bank of America Corp DE acquired a new stake in shares of Vistra during the second quarter worth approximately $468,354,000. Finally, Bank of New York Mellon Corp purchased a new position in Vistra during the second quarter valued at approximately $381,938,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. HSBC started coverage on shares of Vistra in a research note on Thursday, October 22nd. They issued a "buy" rating and a $190.00 price objective on the stock. UBS Group set a $176.00 target price on shares of Vistra in a research note on Wednesday, October 21st. Williams Trading set a $202.00 target price on shares of Vistra in a research note on Friday, October 2nd. Siebert Williams Shank initiated coverage on shares of Vistra in a report on Friday, October 2nd. They set a "buy" rating and a $202.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Vistra from $201.00 to $181.00 and set an "outperformer" rating on the stock in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $202.43.

Vistra Stock Performance

VST stock opened at $139.66 on Wednesday. The firm has a 50 day moving average of $145.11 and a two-hundred day moving average of $153.38. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $196.80. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 23.59 and a beta of 1.37. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, equities analysts anticipate that Vistra Corp. will post 9.19 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.2310 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. Vistra's dividend payout ratio (DPR) is currently 15.54%.

Insider Activity

In other Vistra news, EVP Scott Hudson sold 44,444 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the transaction, the executive vice president directly owned 331,137 shares in the company, valued at $50,273,219.34. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke bought 4,465 shares of Vistra stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the acquisition, the chief executive officer owned 1,146,352 shares in the company, valued at approximately $155,044,108. The trade was a 0.39% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.92% of the stock is owned by company insiders.

About Vistra

Vistra Corp. NYSE: VST is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.

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