Parsons Capital Management Inc. RI Invests $273,000 in Vistra Corp. $VST

Key Points

• Parsons Capital Management Inc. RI has acquired a new position in Vistra Corp. (NYSE: VST) with an investment of approximately $273,000 for 1,410 shares.
• Vistra announced an increase in its quarterly dividend to $0.226, reflecting a 0.4% annual yield, with the ex-dividend date on September 19th.
• Research analysts have mixed ratings for Vistra, with three “Strong Buy” ratings, twelve “Buy,” and two “Hold,” while UBS raised the target price to $230.00.

Parsons Capital Management Inc. RI acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,410 shares of the company's stock, valued at approximately $273,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VST shares. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Vistra in a research note on Saturday, September 27th. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, BMO Capital Markets upped their target price on Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of "Buy" and an average price target of $224.21.

Vistra Stock Performance

Shares of VST stock opened at $202.25 on Friday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The stock has a market cap of $68.53 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.03 and a beta of 1.33. The business has a 50-day simple moving average of $200.57 and a 200-day simple moving average of $170.06.

Vistra (NYSE:VST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.01 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 company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, equities analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. The ex-dividend date was Friday, September 19th. 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. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 19,605 shares of Vistra stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total value of $3,818,661.90. Following the completion of the transaction, the chief executive officer owned 253,815 shares of the company's stock, valued at approximately $49,438,085.70. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 358,274 shares of company stock worth $73,886,457 over the last quarter. Corporate insiders own 1.42% of the company's stock.

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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.