Toth Financial Advisory Corp Raises Stock Holdings in Vistra Corp. $VST

Key Points

• Toth Financial Advisory Corp increased its stake in Vistra Corp. by 7,891.7%, owning 4,795 shares valued at $929,000 after an additional purchase during the second quarter.
• Insider trading activity included CEO James A. Burke selling 43,074 shares for approximately $8.99 million, which resulted in a 16.56% decrease in his holdings.
• Vistra Corp. announced a quarterly dividend increase to $0.226 per share, with an ex-dividend date of September 19th, representing an annualized yield of 0.4%.

Toth Financial Advisory Corp raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 7,891.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,795 shares of the company's stock after purchasing an additional 4,735 shares during the period. Toth Financial Advisory Corp's holdings in Vistra were worth $929,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sowell Financial Services LLC lifted its position in shares of Vistra by 3.3% in the 2nd quarter. Sowell Financial Services LLC now owns 7,068 shares of the company's stock worth $1,370,000 after buying an additional 226 shares during the last quarter. Oak Asset Management LLC bought a new position in shares of Vistra in the 2nd quarter valued at about $311,000. Meriwether Wealth & Planning LLC acquired a new stake in shares of Vistra in the second quarter valued at approximately $216,000. Farther Finance Advisors LLC increased its holdings in shares of Vistra by 154.7% in the second quarter. Farther Finance Advisors LLC now owns 7,608 shares of the company's stock valued at $1,474,000 after purchasing an additional 4,621 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in Vistra during the second quarter worth about $292,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

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 shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 190,847 shares of company stock valued at $39,921,480 over the last 90 days. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on VST shares. BMO Capital Markets raised their price objective on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Daiwa America upgraded Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Morgan Stanley set a $207.00 price target on Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Melius Research upgraded Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Scotiabank began coverage on shares of Vistra in a research report on Monday. They set a "sector outperform" rating and a $256.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $213.73.

Vistra Stock Performance

NYSE VST traded up $6.60 during midday trading on Monday, hitting $217.88. The company had a trading volume of 4,803,841 shares, compared to its average volume of 4,129,812. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 3.30 and a beta of 1.34. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The firm has a fifty day simple moving average of $198.57 and a two-hundred day simple moving average of $165.60.

Vistra (NYSE:VST - Get Free Report) last announced 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is currently 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.