Philip James Wealth Mangement LLC Takes Position in Vistra Corp. $VST

Key Points

• Philip James Wealth Management LLC acquired a new stake in Vistra Corp, purchasing 1,498 shares valued at approximately $290,000 in the second quarter.
• CEO James A. Burke sold 21,378 shares of Vistra at an average price of $201.94, resulting in a total transaction of over $4.3 million and a subsequent 7.91% decrease in their ownership.
• Vistra declared a quarterly dividend of $0.226 per share, an increase from the previous dividend of $0.23, representing an annual yield of 0.4%.

Philip James Wealth Mangement LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,498 shares of the company's stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Nuveen LLC bought a new position in Vistra in the first quarter worth about $209,149,000. Assenagon Asset Management S.A. raised its stake in Vistra by 2,341.6% in the second quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock worth $167,755,000 after buying an additional 830,111 shares in the last quarter. Fred Alger Management LLC raised its stake in Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock worth $114,309,000 after buying an additional 492,765 shares in the last quarter. 140 Summer Partners LP bought a new position in Vistra in the first quarter worth about $56,876,000. Finally, Hsbc Holdings PLC raised its stake in Vistra by 52.2% in the first quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock worth $109,761,000 after buying an additional 323,264 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,378 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $201.94, for a total transaction of $4,317,073.32. Following the sale, the chief executive officer owned 249,016 shares in the company, valued at $50,286,291.04. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 319,073 shares of company stock worth $66,162,313 in the last 90 days. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST opened at $201.33 on Thursday. The stock has a market cap of $68.21 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.98 and a beta of 1.33. 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 Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm's 50-day simple moving average is $200.24 and its two-hundred day simple moving average is $169.00.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business 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%. Analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $0.226 per share. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra's dividend payout ratio is currently 14.35%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. The Goldman Sachs Group increased their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Daiwa Capital Markets raised shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, September 17th. Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $218.20.

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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