Signaturefd LLC Acquires 1,506 Shares of Vistra Corp. $VST

Key Points

• Signaturefd LLC increased its stake in Vistra Corp. by 47.2%, acquiring an additional 1,506 shares, bringing its total holdings to 4,697 shares worth approximately $910,000.
• Despite a recent earnings report showing $1.01 earnings per share, which missed expectations, Vistra Corp. increased its quarterly dividend to $0.226 per share, raising the annualized dividend yield to 0.5%.
• Several hedge funds, including Banque Transatlantique SA and HM Payson & Co., have significantly increased their stakes in Vistra Corp., indicating strong institutional support with 90.88% of the stock owned by hedge funds and other institutional investors.

Signaturefd LLC raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 47.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,697 shares of the company's stock after buying an additional 1,506 shares during the period. Signaturefd LLC's holdings in Vistra were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. raised its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Vistra during the 1st quarter worth about $34,000. WPG Advisers LLC purchased a new position in shares of Vistra in the first quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Vistra during the first quarter worth $39,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Down 4.6%

NYSE:VST opened at $197.71 on Tuesday. The business has a 50 day simple moving average of $200.07 and a 200 day simple moving average of $168.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm has a market capitalization of $66.99 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.14 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

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 the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets boosted their target price on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Scotiabank assumed coverage on Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price for the company. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, September 17th. Finally, Daiwa America upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $218.20.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,379 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $199.90, for a total value of $4,273,662.10. Following the completion of the sale, the chief executive officer owned 243,770 shares of the company's stock, valued at approximately $48,729,623. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 276,319 shares of company stock worth $57,544,816. 1.42% of the stock is currently owned by insiders.

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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