Precedent Wealth Partners LLC Makes New $269,000 Investment in Vistra Corp. $VST

Key Points

• Precedent Wealth Partners LLC has made a new investment of approximately $269,000 in Vistra Corp., acquiring 1,390 shares during the second quarter.
• CEO James A. Burke sold 43,074 shares of Vistra stock valued at nearly $9 million, resulting in a 16.56% decrease in his ownership.
• Vistra recently declared a quarterly dividend of $0.226 per share, which is a slight increase from the previous quarter's $0.23 dividend.

Precedent Wealth Partners LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,390 shares of the company's stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amalgamated Bank lifted its position in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vistra during the 1st quarter valued at $341,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vistra during the 1st quarter valued at $432,000. Peak Financial Advisors LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at $547,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after acquiring an additional 57,551 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 358,274 shares of company stock valued at $73,886,457 over the last 90 days. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Down 0.2%

NYSE VST opened at $202.25 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. 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 company has a market capitalization of $68.53 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.02 and a beta of 1.33. The firm's fifty day simple moving average is $200.57 and its 200-day simple moving average is $170.34.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts anticipate 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Scotiabank assumed coverage on shares of Vistra in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price on the stock. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. BMO Capital Markets boosted their target price on shares of Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $224.21.

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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