Tamar Securities LLC Acquires Shares of 54,127 Vistra Corp. $VST

Key Points

• Tamar Securities LLC has acquired a new stake in Vistra Corp., purchasing 54,127 shares valued at approximately $6,357,000 during the first quarter of 2023.
• Multiple research firms have recently issued optimistic ratings for Vistra Corp., with price targets ranging significantly, reflecting a consensus target price of $201.43.
• Vistra Corp. has announced an increase in its quarterly dividend to $0.226, scheduled for payment on September 30, 2023, representing an annualized yield of 0.5%.

Tamar Securities LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 54,127 shares of the company's stock, valued at approximately $6,357,000.

A number of other large investors have also made changes to their positions in VST. Amalgamated Bank lifted its position in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after buying an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vistra in the 1st quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra during the 1st quarter worth $432,000. Envestnet Asset Management Inc. raised its holdings in shares of Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after acquiring an additional 224 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VST. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a research report on Thursday, August 21st. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group raised their target price on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.43.

Vistra Stock Performance

Shares of VST stock opened at $187.73 on Friday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market cap of $63.61 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.94 and a beta of 1.33. The firm's 50 day moving average price is $195.43 and its 200-day moving average price is $159.84. Vistra Corp. has a one year low of $72.90 and a one year high of $216.85.

Vistra (NYSE:VST - Get Free Report) last posted its 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 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%. As a group, equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date is Friday, September 19th. 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. Vistra's dividend payout ratio (DPR) is presently 14.35%.

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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