Northside Capital Management LLC Makes New $33.83 Million Investment in Vistra Corp. $VST

Key Points

• Northside Capital Management LLC has made a new investment in Vistra Corp, acquiring 174,547 shares valued at approximately $33.83 million, which now makes up about 2.6% of its portfolio.
• CEO James A. Burke recently sold 43,074 shares of Vistra's stock for nearly $9 million, reducing his ownership by 16.56% after the sale.
• Vistra has received upgrades from several research analysts, with Daiwa America moving it to a "strong-buy" rating, highlighting strong market confidence in the stock's future performance.

Northside Capital Management LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 174,547 shares of the company's stock, valued at approximately $33,829,000. Vistra makes up approximately 2.6% of Northside Capital Management LLC's portfolio, making the stock its 7th biggest holding. Northside Capital Management LLC owned 0.05% of Vistra at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Vistra in the first quarter worth $341,000. Dynamic Advisor Solutions LLC bought a new stake in Vistra in the first quarter worth $432,000. Peak Financial Advisors LLC bought a new stake in shares of Vistra in the 2nd quarter worth $547,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other 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 transaction, the chief executive officer directly owned 217,025 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 190,847 shares of company stock valued at $39,921,480 in the last quarter. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VST has been the subject of a number of research analyst reports. Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Melius began coverage on Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target on the stock. BMO Capital Markets raised their price target on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Daiwa Capital Markets upgraded Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vistra currently has a consensus rating of "Buy" and an average price target of $213.00.

Vistra Price Performance

NYSE VST opened at $204.83 on Wednesday. The company has a market capitalization of $69.40 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 3.40 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The business's fifty day moving average is $198.84 and its 200 day moving average is $165.87. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion for 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%. Sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm 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 $0.226 dividend. The ex-dividend date is Friday, September 19th. This is a positive change 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 presently 14.35%.

About Vistra

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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