Paralel Advisors LLC Acquires Shares of 22,750 Vistra Corp. $VST

Key Points

• Paralel Advisors LLC acquired 22,750 shares of Vistra Corp., valued at approximately $4.4 million, representing 0.2% of its investment portfolio.
• Vistra recently reported a quarterly earnings miss, with $1.01 EPS against expectations of $1.63, alongside revenues of $4.25 billion versus anticipated $5.15 billion.
• The company also declared a quarterly dividend of $0.226, indicating an increase from its previous dividend and highlighting a 0.5% annualized yield.

Paralel Advisors LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,750 shares of the company's stock, valued at approximately $4,409,000. Vistra accounts for about 0.2% of Paralel Advisors LLC's investment portfolio, making the stock its 24th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. boosted its holdings in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the period. Keener Financial Planning LLC bought a new position in Vistra in the first quarter worth approximately $34,000. WPG Advisers LLC bought a new position in Vistra in the first quarter worth approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in Vistra during the 1st quarter valued at $39,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Vistra in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a "hold" rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Finally, Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $229.31.

Vistra Stock Performance

VST stock opened at $185.77 on Thursday. The firm has a market cap of $62.94 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.65 and a beta of 1.33. The firm has a 50-day simple moving average of $199.60 and a two-hundred day simple moving average of $177.12. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. 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 (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio (DPR) is 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $204.57, for a total transaction of $4,371,865.47. Following the transaction, the chief executive officer owned 287,859 shares in the company, valued at $58,887,315.63. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 632,966 shares of company stock worth $130,462,677 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Vistra Company 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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