OneAscent Investment Solutions LLC Buys New Stake in Vistra Corp. (NYSE:VST)

Key Points

• OneAscent Investment Solutions LLC has acquired a new stake in Vistra Corp., purchasing 2,208 shares valued at approximately $259,000 during the first quarter.
• Vistra recently increased its quarterly dividend to $0.226, with a yield of 0.4%, which is an improvement from the previous dividend of $0.23.
• Despite missing quarterly earnings estimates and reporting a decrease in revenue to $4.25 billion, research analysts maintain a consensus rating of "Moderate Buy" for Vistra with an average target price of $192.62.

OneAscent Investment Solutions LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,208 shares of the company's stock, valued at approximately $259,000.

Several other large investors have also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Vistra by 4,223.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,500 shares of the company's stock valued at $8,632,000 after acquiring an additional 71,800 shares during the period. Holderness Investments Co. acquired a new stake in Vistra in the 1st quarter valued at approximately $231,000. Boston Partners acquired a new stake in Vistra in the 1st quarter valued at approximately $2,354,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Vistra by 25.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,267 shares of the company's stock valued at $1,323,000 after acquiring an additional 2,267 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Vistra by 218.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 17,942 shares of the company's stock valued at $2,107,000 after acquiring an additional 12,308 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director directly owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by insiders.

Vistra Trading Down 1.9%

Vistra stock opened at $205.48 on Thursday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.77 and a current ratio of 0.90. The firm has a market cap of $69.62 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85. The firm's 50 day moving average price is $190.80 and its two-hundred day moving average price is $156.67.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, research analysts predict that Vistra Corp. will post 7 EPS 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 paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 14.35%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VST. Raymond James Financial began coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. Jefferies Financial Group set a $241.00 price objective on shares of Vistra and gave the company a "buy" rating in a research note on Friday, August 8th. The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.62.

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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