Vanguard Personalized Indexing Management LLC Has $9.29 Million Stake in Vistra Corp. $VST

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Vistra Corp. by 16.8% during the second quarter, now holding shares valued at $9.29 million.
• CEO James A. Burke sold 21,365 shares for over $4.43 million, reducing his ownership by 7.35% while insiders sold a total of 463,350 shares valued at approximately $95.37 million in the last three months.
• Vistra recently declared a quarterly dividend of $0.226, marking an increase from the previous quarterly dividend of $0.23, with a current dividend yield of 0.5%.

Vanguard Personalized Indexing Management LLC increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,928 shares of the company's stock after buying an additional 6,901 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Vistra were worth $9,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. acquired a new position in Vistra during the second quarter worth $229,000. Concurrent Investment Advisors LLC acquired a new position in Vistra during the second quarter worth $402,000. Johnson Investment Counsel Inc. acquired a new position in Vistra during the second quarter worth $323,000. Apollon Financial LLC acquired a new position in Vistra during the second quarter worth $299,000. Finally, Apollon Wealth Management LLC increased its holdings in Vistra by 1.8% during the second quarter. Apollon Wealth Management LLC now owns 9,741 shares of the company's stock worth $1,888,000 after buying an additional 170 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James A. Burke sold 21,365 shares of the company's stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $207.55, for a total transaction of $4,434,305.75. Following the completion of the sale, the chief executive officer owned 269,368 shares of the company's stock, valued at $55,907,328.40. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 463,350 shares of company stock valued at $95,374,138 over the last three months. Insiders own 1.42% of the company's stock.

Vistra Trading Down 6.1%

Shares of Vistra stock opened at $197.17 on Monday. The firm has a 50-day moving average of $200.48 and a 200-day moving average of $173.22. The stock has a market cap of $66.80 billion, a PE ratio of 31.45, a PEG ratio of 2.92 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

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). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research analyst reports. Melius initiated coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective for the company. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Scotiabank initiated coverage on shares of Vistra in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of "Buy" and a consensus price target of $227.85.

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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