Oak Asset Management LLC Takes $311,000 Position in Vistra Corp. $VST

Key Points

• Oak Asset Management LLC has acquired a new stake in Vistra Corp. valued at approximately $311,000 during the 2nd quarter, purchasing 1,604 shares of its stock.
• Multiple hedge funds have established positions in Vistra, with institutional investors currently owning 90.88% of the company's stock.
• Analysts have varied opinions on Vistra, with upgrades from multiple firms leading to a consensus rating of “Buy” and a consensus price target of $210.71.

Oak Asset Management LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,604 shares of the company's stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. State of Wyoming acquired a new position in shares of Vistra in the 4th quarter valued at approximately $58,000. Woodline Partners LP acquired a new position in Vistra during the 4th quarter worth approximately $2,817,000. Focus Partners Advisor Solutions LLC acquired a new position in Vistra during the 4th quarter worth approximately $309,000. Vise Technologies Inc. increased its position in Vistra by 91.5% during the 4th quarter. Vise Technologies Inc. now owns 7,493 shares of the company's stock worth $1,033,000 after purchasing an additional 3,580 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Vistra during the 4th quarter worth approximately $86,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. Daiwa Capital Markets upgraded 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. 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 research report on Tuesday, August 12th. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $210.71.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction 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 represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 148,121 shares of company stock worth $30,849,036 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

Vistra Trading Up 0.4%

NYSE:VST opened at $211.08 on Friday. The firm's fifty day moving average is $198.11 and its 200-day moving average is $164.52. 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 Corp. has a 52 week low of $90.51 and a 52 week high of $217.90. The firm has a market cap of $71.52 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.30 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) 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 the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Equities analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a boost 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 payout ratio is currently 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.

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