Simplicity Wealth LLC Invests $432,000 in Vistra Corp. $VST

Key Points

• Simplicity Wealth LLC invested $432,000 in Vistra Corp., acquiring 2,230 shares during the second quarter, reflecting growing interest in the energy sector.
• Vistra reported a missed earnings estimate for the last quarter with EPS of $1.01, falling short of analysts' expectations of $1.63, alongside revenue of $4.25 billion versus $5.15 billion expected.
• The company announced an increase in its quarterly dividend to $0.226 per share, which is part of its strategy to enhance shareholder returns, with a current dividend yield of 0.4%.

Simplicity Wealth LLC purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,230 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Amalgamated Bank grew its holdings in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Vistra during the first quarter valued at about $341,000. Dynamic Advisor Solutions LLC bought a new stake in Vistra during the first quarter valued at about $432,000. Peak Financial Advisors LLC bought a new stake in Vistra during the second quarter valued at about $547,000. Finally, Envestnet Asset Management Inc. grew its holdings in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

NYSE:VST opened at $206.51 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $69.97 billion, a P/E ratio of 32.94, a P/E/G ratio of 2.98 and a beta of 1.33. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The business's 50-day moving average is $200.67 and its 200 day moving average is $171.54.

Vistra (NYSE:VST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 21,376 shares of the business's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total value of $4,307,050.24. Following the sale, the chief executive officer directly owned 264,329 shares in the company, valued at approximately $53,259,650.21. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 422,389 shares of company stock valued at $86,992,610 in the last quarter. 1.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Melius Research upgraded Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. BMO Capital Markets boosted their price objective on Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, October 3rd. Finally, UBS Group boosted 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. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $227.85.

Vistra Company 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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