Lee Johnson Capital Management LLC Buys Shares of 4,177 Vistra Corp. $VST

Key Points

• Lee Johnson Capital Management LLC has acquired 4,177 shares of Vistra Corp. (NYSE:VST), valued at approximately $810,000, during the second quarter.
• Vistra recently increased its quarterly dividend to $0.226, representing a 0.5% yield, scheduled for payment on September 30th.
• Analyst ratings for Vistra stock show a consensus of "Buy", with an average price target of $218.20.

Lee Johnson Capital Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,177 shares of the company's stock, valued at approximately $810,000.

Other hedge funds also recently modified their holdings of the company. Banque Transatlantique SA raised its position 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 period. 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. Keener Financial Planning LLC bought a new stake in shares of Vistra during the first quarter worth $34,000. WPG Advisers LLC bought a new stake in shares of Vistra during the first quarter worth $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Vistra during the first quarter worth $39,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

NYSE:VST opened at $197.71 on Tuesday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a market cap of $66.99 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 3.14 and a beta of 1.34. The firm's 50-day simple moving average is $200.07 and its 200 day simple moving average is $168.58. 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 released its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.5%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is 14.35%.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm's 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 transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 276,319 shares of company stock valued at $57,544,816. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VST shares. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective for the company. Daiwa Capital Markets raised shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, September 17th. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Finally, Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $218.20.

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.

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