Scientech Research LLC Purchases New Position in Vistra Corp. $VST

Key Points

• Scientech Research LLC has purchased a new stake in Vistra Corp. valued at approximately $1.62 million, making it the firm's 25th largest holding.
• Vistra recently reported a Q2 EPS of $1.01, falling short of the consensus estimate of $1.63, with revenues of $4.25 billion versus an expected $5.15 billion.
• The company announced an increase in its quarterly dividend to $0.226 per share, representing a 0.5% yield, to be paid on September 30th.

Scientech Research LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,796 shares of the company's stock, valued at approximately $1,620,000. Vistra comprises approximately 0.4% of Scientech Research LLC's investment portfolio, making the stock its 25th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA raised its position in Vistra by 132.0% in 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. raised its position in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vistra in the 4th quarter valued at $32,000. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter valued at $34,000. Finally, WPG Advisers LLC bought a new position in Vistra in the 1st quarter valued at $37,000. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Vistra stock opened at $187.73 on Friday. The firm has a market capitalization of $63.61 billion, a P/E ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85. The business has a 50-day moving average of $195.43 and a 200-day moving average of $159.84. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last issued 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 net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.5%. Vistra's payout ratio is currently 14.35%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Morgan Stanley set a $207.00 target price on Vistra and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded Vistra from a "hold" rating to a "sell" rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.43.

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.

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