SGL Investment Advisors Inc. Cuts Position in Vistra Corp. $VST

Key Points

• SGL Investment Advisors Inc. significantly reduced its stake in Vistra Corp., cutting its holdings by 74.9% to 1,142 shares, valued at approximately $217,000.
• Vistra recently reported earnings of $1.01 per share, missing analysts' expectations, with total revenue of $4.25 billion compared to the expected $5.15 billion.
• The company declared a quarterly dividend of $0.226 per share, representing a 0.5% yield, and announced a positive adjustment from its previous dividend rate.

SGL Investment Advisors Inc. decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 74.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,142 shares of the company's stock after selling 3,403 shares during the period. SGL Investment Advisors Inc.'s holdings in Vistra were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Shell Asset Management Co. raised its holdings in Vistra by 45.3% in the second quarter. Shell Asset Management Co. now owns 15,160 shares of the company's stock valued at $2,938,000 after buying an additional 4,728 shares during the period. Tcfg Wealth Management LLC purchased a new position in Vistra in the second quarter valued at approximately $258,000. Clark & Stuart Inc purchased a new position in Vistra in the second quarter valued at approximately $200,000. SteelPeak Wealth LLC raised its holdings in Vistra by 61.9% in the second quarter. SteelPeak Wealth LLC now owns 24,450 shares of the company's stock valued at $4,739,000 after buying an additional 9,350 shares during the period. Finally, Elm3 Financial Group LLC purchased a new position in Vistra in the second quarter valued at approximately $341,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Vistra stock opened at $200.37 on Tuesday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market cap of $67.89 billion, a PE ratio of 31.96, a P/E/G ratio of 3.02 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a fifty day moving average price of $200.65 and a two-hundred day moving average price of $171.10.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (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 for the quarter, compared to analyst estimates of $5.15 billion. Research analysts expect that Vistra Corp. will post 7 earnings per share for the current 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. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a positive change 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 is presently 14.35%.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 21,371 shares of Vistra stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $204.82, for a total transaction of $4,377,208.22. Following the sale, the chief executive officer directly owned 259,073 shares in the company, valued at $53,063,331.86. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 379,645 shares of company stock worth $78,263,666 in the last quarter. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VST shares. Morgan Stanley raised their price target on shares of Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Vistra in a research report on Saturday, September 27th. Melius began coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $224.21.

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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