Vistra Corp. $VST Shares Acquired by WESPAC Advisors SoCal LLC

Key Points

• WESPAC Advisors SoCal LLC increased its holdings in Vistra Corp. by 93.2% in Q2, owning 8,740 shares valued at approximately $1.69 million.
• Vistra recently reported Q2 earnings of $1.01 per share, missing analyst estimates of $1.63, with revenue of $4.25 billion versus expected $5.15 billion.
• The company announced a quarterly dividend increase to $0.226 per share, resulting in an annualized dividend yield of 0.5%, and a payout ratio of just 14.35%.

WESPAC Advisors SoCal LLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 93.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,740 shares of the company's stock after buying an additional 4,216 shares during the period. WESPAC Advisors SoCal LLC's holdings in Vistra were worth $1,694,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. HM Payson & Co. boosted its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares during the period. Banque Transatlantique SA boosted its holdings in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after buying an additional 132 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock valued at $46,000 after purchasing an additional 78 shares during the period. LRI Investments LLC boosted its stake in Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company's stock valued at $55,000 after purchasing an additional 146 shares during the period. Finally, Keener Financial Planning LLC acquired a new position in Vistra during the 1st quarter valued at about $34,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Down 3.4%

Shares of NYSE:VST opened at $194.42 on Tuesday. The company has a 50 day moving average of $200.46 and a 200-day moving average of $176.99. The firm has a market cap of $65.87 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.86 and a beta of 1.33. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. 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 (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insider Activity at Vistra

In related news, CEO James A. Burke sold 21,355 shares of the business's stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $215.21, for a total value of $4,595,809.55. Following the sale, the chief executive officer directly owned 282,597 shares in the company, valued at $60,817,700.37. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 590,228 shares of company stock valued at $121,653,740. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on VST. 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 research note on Wednesday, September 17th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price for the company. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price for the company. Finally, Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $229.31.

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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