RR Advisors LLC Makes New Investment in Vistra Corp. $VST

Key Points

• RR Advisors LLC has acquired a new stake in Vistra Corp., purchasing 12,000 shares worth approximately $1.41 million, making it the firm's 25th largest position.
• Insider transactions reveal significant stock sales by Vistra executives, including a 24.77% decrease in holdings by Director John R. Sult and a 33.10% reduction by EVP Carrie Lee Kirby.
• Vistra recently announced an increase in its quarterly dividend to $0.226 per share, with a payout ratio of 14.35% and a yield of 0.4%.

RR Advisors LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,000 shares of the company's stock, valued at approximately $1,409,000. Vistra accounts for about 0.3% of RR Advisors LLC's holdings, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Paloma Partners Management Co raised its holdings in shares of Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after acquiring an additional 81 shares during the period. Cordatus Wealth Management LLC grew its position in Vistra by 2.0% in the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock valued at $493,000 after acquiring an additional 83 shares in the last quarter. Oak Grove Capital LLC grew its position in Vistra by 0.5% in the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Vistra by 1.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its position in shares of Vistra by 4.9% during the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after buying an additional 105 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on VST. Jefferies Financial Group boosted their price objective on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. BMO Capital Markets upped their price target on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.62.

Insider Buying and Selling at Vistra

In related news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president owned 306,600 shares in the company, valued at $48,136,200. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 in the last 90 days. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

VST stock traded down $5.16 during trading on Friday, reaching $197.19. 4,021,603 shares of the company's stock were exchanged, compared to its average volume of 5,030,360. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85. The company's fifty day moving average price is $191.90 and its 200-day moving average price is $157.34. The firm has a market cap of $66.81 billion, a PE ratio of 31.45, a P/E/G ratio of 2.27 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last announced 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). The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

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.