Thurston Springer Miller Herd & Titak Inc. Has $900,000 Position in Vistra Corp. $VST

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Vistra Corp. by 51.1% in the second quarter, now holding shares valued at $900,000.
• Vistra Corp. reported a miss in quarterly earnings with $1.01 EPS, falling short of the $1.63 consensus estimate, and generated $4.25 billion in revenue compared to the anticipated $5.15 billion.
• The company announced a quarterly dividend of $0.226 per share, up from the previous dividend of $0.23, highlighting a 14.35% payout ratio.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 51.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,644 shares of the company's stock after buying an additional 1,570 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Vistra were worth $900,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Banque Transatlantique SA raised its holdings in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after acquiring an additional 132 shares during the last quarter. HM Payson & Co. increased its holdings 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 in the last quarter. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter worth approximately $32,000. Keener Financial Planning LLC purchased a new stake in shares of Vistra in the first quarter worth approximately $34,000. Finally, WPG Advisers LLC bought a new position in shares of Vistra in the first quarter valued at approximately $37,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

VST opened at $209.67 on Monday. Vistra Corp. has a fifty-two week low of $81.12 and a fifty-two week high of $216.85. The firm has a 50-day moving average of $196.55 and a 200 day moving average of $161.89. 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 $71.04 billion, a P/E ratio of 33.44, a PEG ratio of 3.28 and a beta of 1.34.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, research analysts expect 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 paid a $0.226 dividend. The ex-dividend date is 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 yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target on the stock. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, BMO Capital Markets increased their price objective on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $201.43.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company 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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