Park Capital Management LLC WI Buys New Stake in Vistra Corp. $VST

Key Points

• Park Capital Management LLC has acquired a new position in Vistra Corp. (NYSE:VST) by purchasing 2,193 shares valued at approximately $425,000 during the second quarter.
• CEO James A. Burke sold 43,074 shares of Vistra for nearly $9 million, which decreased his ownership stake by 16.56%, while insiders collectively sold over $21 million worth of shares in the past ninety days.
• Vistra Corp. recently declared a quarterly dividend of $0.226 per share, an increase from the previous dividend, with a payout ratio of 14.35%.

Park Capital Management LLC WI purchased a new position in Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,193 shares of the company's stock, valued at approximately $425,000.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. raised its stake in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Vistra in the fourth quarter worth about $32,000. Banque Transatlantique SA grew its holdings in 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 period. Keener Financial Planning LLC purchased a new stake in Vistra in the first quarter worth about $34,000. Finally, WPG Advisers LLC purchased a new stake in Vistra in the first quarter worth about $37,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

VST stock traded up $0.92 on Friday, hitting $211.08. The company had a trading volume of 9,186,274 shares, compared to its average volume of 3,842,753. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $217.90. The stock has a market cap of $71.52 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 3.28 and a beta of 1.33. The stock's 50-day simple moving average is $198.11 and its 200 day simple moving average is $164.26.

Vistra (NYSE:VST - Get Free Report) last released its quarterly 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). 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 the consensus estimate of $5.15 billion. As a group, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date is Friday, September 19th. 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%. Vistra's payout ratio is 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were 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 approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 148,121 shares of company stock valued at $30,849,036 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on VST. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Raymond James Financial began coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group upped their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets increased their price target on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $210.71.

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.