NewEdge Advisors LLC Acquires 13,274 Shares of Vistra Corp. $VST

Key Points

• NewEdge Advisors LLC increased its stake in Vistra Corp. by 11.7% during the 1st quarter, acquiring an additional 13,274 shares worth approximately $14.89 million.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, following a prior dividend of $0.23, reflecting a modest yield of 0.5%.
• Analysts have a consensus rating of "Moderate Buy" for Vistra, with average target prices ranging from $201.43 to $230.00 set by various research firms.

NewEdge Advisors LLC boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 11.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,751 shares of the company's stock after purchasing an additional 13,274 shares during the period. NewEdge Advisors LLC's holdings in Vistra were worth $14,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Night Owl Capital Management LLC grew its holdings in shares of Vistra by 4.2% in the first quarter. Night Owl Capital Management LLC now owns 215,467 shares of the company's stock worth $25,304,000 after purchasing an additional 8,772 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its holdings in Vistra by 8.3% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 41,320 shares of the company's stock valued at $4,853,000 after buying an additional 3,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vistra by 24.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,796 shares of the company's stock valued at $6,200,000 after buying an additional 10,265 shares during the last quarter. Gotham Asset Management LLC raised its holdings in Vistra by 39.9% during the 1st quarter. Gotham Asset Management LLC now owns 89,123 shares of the company's stock valued at $10,467,000 after buying an additional 25,419 shares during the last quarter. Finally, Encompass Capital Advisors LLC raised its holdings in Vistra by 21.2% during the 1st quarter. Encompass Capital Advisors LLC now owns 576,987 shares of the company's stock valued at $67,761,000 after buying an additional 100,866 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VST shares. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets upped their price objective on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Stock Performance

Shares of NYSE VST traded up $14.96 during trading on Wednesday, reaching $208.74. 9,055,593 shares of the company traded hands, compared to its average volume of 6,875,772. The firm has a 50 day simple moving average of $195.48 and a 200-day simple moving average of $160.32. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $70.72 billion, a PE ratio of 33.29, a P/E/G ratio of 2.94 and a beta of 1.34. Vistra Corp. has a 52-week low of $75.21 and a 52-week high of $216.85.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is 14.35%.

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.