Vistra Corp. $VST is Kirr Marbach & Co. LLC IN's 2nd Largest Position

Key Points

• Kirr Marbach & Co. LLC IN has increased its stake in Vistra Corp. by 0.9%, making it the firm's second largest position at approximately 6.5% of its portfolio, valued at $32.7 million.
• Analysts have varying bullish outlooks for Vistra, with a consensus rating of "Buy" and a price target averaging $218.20, following coverage from multiple research firms.
• Vistra has declared an increased quarterly dividend of $0.226, representing a 0.4% yield, and will be paid to shareholders after the recording date of September 19th.

Kirr Marbach & Co. LLC IN lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,713 shares of the company's stock after purchasing an additional 1,535 shares during the period. Vistra comprises approximately 6.5% of Kirr Marbach & Co. LLC IN's portfolio, making the stock its 2nd largest position. Kirr Marbach & Co. LLC IN's holdings in Vistra were worth $32,698,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Novem Group purchased a new stake in shares of Vistra during the 2nd quarter worth $1,277,000. Five Oceans Advisors purchased a new stake in shares of Vistra during the 2nd quarter worth $300,000. Cadent Capital Advisors LLC purchased a new stake in Vistra in the second quarter valued at $1,181,000. Significant Wealth Partners LLC purchased a new stake in Vistra in the second quarter valued at $212,000. Finally, LeConte Wealth Management LLC purchased a new stake in Vistra in the second quarter valued at $211,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. BMO Capital Markets boosted their price target on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Jefferies Financial Group reissued a "hold" rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research report on Monday. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley boosted their price target on shares of Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $218.20.

Insider Buying and Selling

In other news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 276,319 shares of company stock valued at $57,544,816 in the last quarter. Insiders own 1.42% of the company's stock.

Vistra Trading Up 2.8%

NYSE VST opened at $207.27 on Friday. 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 $70.23 billion, a PE ratio of 33.06, a P/E/G ratio of 3.15 and a beta of 1.33. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The firm's fifty day moving average is $199.88 and its two-hundred day moving average is $167.41.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 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 analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. 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 yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 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.

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