Jacobi Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,005 shares of the company's stock, valued at approximately $235,000.
Several other hedge funds have also made changes to their positions in VST. Banque Transatlantique SA boosted its holdings in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. boosted its holdings 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 purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Vistra during the fourth quarter worth $32,000. Keener Financial Planning LLC acquired a new stake in shares of Vistra during the first quarter worth $34,000. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra during the first quarter worth $37,000. Institutional investors and hedge funds own 90.88% of the company's stock.
Vistra Trading Up 2.8%
NYSE:VST opened at $209.67 on Friday. The business's 50-day moving average is $196.55 and its two-hundred day moving average is $161.67. 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 12 month low of $81.12 and a 12 month high of $216.85. The firm has a market capitalization of $71.04 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33.
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 business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. Research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio is presently 14.35%.
Insiders Place Their Bets
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 value of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
VST has been the topic of several analyst reports. Melius started coverage on Vistra in a report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. The Goldman Sachs Group lifted their target price on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Finally, Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.43.
Get Our Latest Stock Analysis on Vistra
Vistra Profile
(
Free Report)
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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