SVB Wealth LLC Acquires New Shares in Vistra Corp. $VST

Key Points

• SVB Wealth LLC acquired 1,745 shares of Vistra Corp. valued at approximately $205,000 during the first quarter, reflecting growing institutional interest in the company.
• Vistra recently announced a quarterly dividend increase, now set at $0.226, with a current annual yield of 0.5%, demonstrating a commitment to returning value to shareholders.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Vistra, with a target price averaging around $199.93, indicating positive sentiment about the company's future performance.

SVB Wealth LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,745 shares of the company's stock, valued at approximately $205,000.

Several other large investors have also bought and sold shares of VST. HM Payson & Co. raised its position in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vistra during the 4th quarter worth $32,000. Keener Financial Planning LLC bought a new position in Vistra during the 1st quarter worth $34,000. Zions Bancorporation National Association UT bought a new position in Vistra during the 1st quarter worth $39,000. Finally, Opal Wealth Advisors LLC bought a new position in Vistra during the 1st quarter worth $46,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VST shares. UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. The Goldman Sachs Group raised their target price on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Morgan Stanley lifted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.93.

Vistra Stock Performance

VST stock opened at $190.2960 on Monday. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85. The firm has a market cap of $64.48 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. The stock has a 50-day moving average price of $194.24 and a 200-day moving average price of $158.17. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last issued 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, 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 will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is presently 14.35%.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director directly owned 75,946 shares of the company's stock, valued at $13,037,649.82. The trade was a 24.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This trade represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock valued at $18,579,650 in the last three months. Corporate 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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