Stephens Inc. AR Increases Stake in Vistra Corp. $VST

Stephens Inc. AR lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 57.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,073 shares of the company's stock after acquiring an additional 2,217 shares during the period. Stephens Inc. AR's holdings in Vistra were worth $1,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Verdence Capital Advisors LLC raised its position in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company's stock worth $631,000 after acquiring an additional 71 shares in the last quarter. Red Mountain Financial LLC raised its position in shares of Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Vistra by 4.7% during the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock worth $329,000 after acquiring an additional 76 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price on the stock. Scotiabank assumed coverage on Vistra in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 price target on the stock. TD Cowen assumed coverage on Vistra in a research report on Thursday, October 16th. They set a "buy" rating and a $250.00 price target on the stock. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Morgan Stanley lifted their price target on Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $229.31.

Vistra Trading Up 2.5%

NYSE:VST opened at $190.44 on Friday. The firm has a market cap of $64.53 billion, a P/E ratio of 30.37, a PEG ratio of 2.64 and a beta of 1.33. 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 stock's 50 day simple moving average is $199.36 and its 200-day simple moving average is $177.73. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion during 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 analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. 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 0.5%. Vistra's dividend payout ratio is presently 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 654,583 shares of company stock valued at $134,542,882 over the last quarter. Insiders own 1.42% of the company's stock.

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.

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