Vigilare Wealth Management Acquires Shares of 3,152 Vistra Corp. $VST

Key Points

• Vigilare Wealth Management has acquired 3,152 shares of Vistra Corp., valued at approximately $611,000, highlighting growing interest among hedge funds in the company's stock.
• Vistra's recent quarterly earnings report showed an EPS of $1.01, which missed analysts' expectations, with revenues of $4.25 billion compared to the estimate of $5.15 billion.
• The company has increased its dividend to $0.226 per share, marking a change from the previous $0.23 and indicating a relatively low dividend payout ratio of 14.35%.

Vigilare Wealth Management purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,152 shares of the company's stock, valued at approximately $611,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock worth $492,102,000 after acquiring an additional 11,386 shares during the last quarter. Northern Trust Corp increased its stake in shares of Vistra by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock worth $362,166,000 after purchasing an additional 57,358 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Vistra in the 1st quarter worth $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Vistra by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company's stock worth $172,717,000 after purchasing an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Vistra by 1.5% in the 1st quarter. American Century Companies Inc. now owns 1,327,653 shares of the company's stock worth $155,920,000 after purchasing an additional 19,679 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 1.1%

Shares of NYSE:VST opened at $195.81 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a 50-day moving average price of $200.20 and a 200 day moving average price of $168.77. The company has a market cap of $66.34 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.00 and a beta of 1.34.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. Vistra's dividend payout ratio is currently 14.35%.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 21,378 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $201.94, for a total value of $4,317,073.32. Following the sale, the chief executive officer directly owned 249,016 shares of the company's stock, valued at $50,286,291.04. This represents a 7.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 319,073 shares of company stock valued at $66,162,313. Corporate insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VST shares. Melius Research upgraded Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. BMO Capital Markets upped 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. The Goldman Sachs Group upped 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. Daiwa Capital Markets raised shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. Finally, Scotiabank assumed coverage on shares of Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $218.20.

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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