Stableford Capital II LLC Acquires New Holdings in Vistra Corp. $VST

Key Points

• Stableford Capital II LLC acquired 4,557 shares of Vistra Corp., valued at approximately $876,000, according to a recent 13F filing.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, up from the previous $0.23, reflecting a positive change in its payout strategy.
• The stock currently has a consensus rating of "Buy" from analysts, with a target price of $227.58, indicating positive sentiment in the market.

Stableford Capital II LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,557 shares of the company's stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Vistra by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock valued at $492,102,000 after purchasing an additional 11,386 shares in the last quarter. Northern Trust Corp raised its stake in shares of Vistra by 1.9% during the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock valued at $362,166,000 after purchasing an additional 57,358 shares in the last quarter. Nuveen LLC bought a new stake in shares of Vistra during the first quarter valued at about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vistra by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company's stock valued at $172,717,000 after purchasing an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Vistra by 1.5% during the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company's stock valued at $155,920,000 after purchasing an additional 19,679 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VST. Cowen began coverage on shares of Vistra in a research note on Wednesday. They set a "buy" rating on the stock. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Daiwa America upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. 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 target on the stock. Finally, Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of "Buy" and a consensus target price of $227.58.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 547,510 shares of company stock valued at $112,585,800 in the last ninety days. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST opened at $210.96 on Thursday. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company has a 50-day moving average of $200.50 and a two-hundred day moving average of $174.32. The stock has a market cap of $71.48 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.05 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.

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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio is 14.35%.

About Vistra

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.