Pallas Capital Advisors LLC Has $9.98 Million Stake in Vistra Corp. $VST

Key Points

• Pallas Capital Advisors LLC increased its stake in Vistra Corp. by 2.7% during Q2, bringing its total holdings to $9.98 million across 51,491 shares.
• Vistra declared a quarterly dividend of $0.226, an increase from the previous $0.23, with an ex-dividend date of September 19th.
• Despite missing earnings expectations, analysts maintain a consensus rating of "Moderate Buy" for Vistra, with target prices ranging from $201.43 to $230.00.

Pallas Capital Advisors LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,491 shares of the company's stock after purchasing an additional 1,339 shares during the period. Pallas Capital Advisors LLC's holdings in Vistra were worth $9,979,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock valued at $490,000 after buying an additional 75 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in Vistra by 4.6% during the second quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock worth $356,000 after acquiring an additional 81 shares in the last quarter. Cordatus Wealth Management LLC lifted its holdings in Vistra by 2.0% during the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after acquiring an additional 83 shares in the last quarter. Oak Grove Capital LLC raised its stake in shares of Vistra by 0.5% in the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after purchasing an additional 90 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after purchasing an additional 98 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Down 2.0%

Shares of VST stock opened at $209.22 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock has a market cap of $70.89 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33. The stock has a 50 day simple moving average of $197.31 and a 200 day simple moving average of $162.77. Vistra Corp. has a 1 year low of $88.89 and a 1 year high of $217.90.

Vistra (NYSE:VST - Get Free Report) last issued 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). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared 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. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio is presently 14.35%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley set a $207.00 price target on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Melius Research raised Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Insider Activity

In related news, CEO James A. Burke sold 21,362 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $209.80, for a total value of $4,481,747.60. Following the completion of the sale, the chief executive officer directly owned 222,687 shares in the company, valued at approximately $46,719,732.60. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 105,402 shares of company stock valued at $21,742,629 in the last three months. Insiders own 1.42% of the company's stock.

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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