Principle Wealth Partners LLC Buys New Position in Vistra Corp. $VST

Principle Wealth Partners LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,704 shares of the company's stock, valued at approximately $2,333,000.

Other institutional investors also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra in the fourth quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Vistra during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Vistra during the fourth quarter worth approximately $30,000. Strive Financial Group LLC acquired a new position in shares of Vistra in the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several research reports. Zacks Research upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. UBS Group lowered their price objective on shares of Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings lowered shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vistra from $240.00 to $231.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $228.56.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company's stock, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Sult sold 6,500 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares in the company, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 over the last quarter. Insiders own 0.92% of the company's stock.

Vistra Price Performance

Vistra stock opened at $146.58 on Tuesday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The business has a 50 day simple moving average of $154.14 and a 200-day simple moving average of $156.42. The stock has a market capitalization of $49.20 billion, a PE ratio of 24.76 and a beta of 1.41.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Equities analysts predict that Vistra Corp. will post 9.23 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 21st. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 15.54%.

Vistra Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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