United Services Automobile Association Takes $938,000 Position in Vistra Corp. $VST

Key Points

• United Services Automobile Association acquired approximately $938,000 worth of Vistra Corp. shares, amounting to 7,876 shares, in the first quarter.
• Analysts are optimistic, with recent ratings including a target price increase to $241.00 from Jefferies Financial Group, suggesting a strong potential for Vistra Corp. stock.
• Vistra confirmed a dividend increase to $0.226 per share, with an annualized yield of 0.5%, set to be paid to shareholders on September 30th.

United Services Automobile Association purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,876 shares of the company's stock, valued at approximately $938,000.

Several other large investors have also modified their holdings of VST. Cordatus Wealth Management LLC boosted its holdings in shares of Vistra by 2.0% in the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock valued at $493,000 after acquiring an additional 83 shares in the last quarter. Oak Grove Capital LLC boosted its holdings in shares of Vistra by 0.5% in the first quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Vistra by 1.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares in the last quarter. Dynasty Wealth Management LLC boosted its holdings in Vistra by 4.9% during the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after buying an additional 105 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Vistra by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company's stock worth $4,923,000 after buying an additional 119 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. BMO Capital Markets raised their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group raised their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Stock Down 2.2%

VST stock traded down $4.54 during midday trading on Thursday, reaching $204.67. The company had a trading volume of 4,397,304 shares, compared to its average volume of 3,725,902. Vistra Corp. has a 1 year low of $79.03 and a 1 year high of $216.85. 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 company has a market capitalization of $69.35 billion, a P/E ratio of 32.64, a PEG ratio of 3.27 and a beta of 1.33. The company has a 50 day moving average of $196.18 and a two-hundred day moving average of $161.08.

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). 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 analysts' expectations of $5.15 billion. On average, equities research analysts expect 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. Shareholders 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 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

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.