Vistra Corp. $VST Shares Purchased by SLT Holdings LLC

Key Points

• SLT Holdings LLC increased its stake in Vistra Corp. by 113.7%, owning 4,893 shares valued at approximately $948,000 as of the latest SEC filing.
• Several analysts have assigned a consensus rating of "Buy" for Vistra, with price targets ranging from $203.00 to $248.00, indicating positive market outlook.
• Vistra recently increased its quarterly dividend to $0.226, showing a commitment to returning value to shareholders despite reporting lower than expected earnings.

SLT Holdings LLC increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 113.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,893 shares of the company's stock after acquiring an additional 2,603 shares during the period. SLT Holdings LLC's holdings in Vistra were worth $948,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Red Mountain Financial LLC lifted its stake in Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after purchasing an additional 74 shares in the last quarter. Parallel Advisors LLC lifted its stake in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after purchasing an additional 75 shares in the last quarter. Global Financial Private Client LLC lifted its stake in Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock worth $329,000 after purchasing an additional 76 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after purchasing an additional 78 shares in the last quarter. Finally, Fairvoy Private Wealth LLC lifted its stake in Vistra by 1.4% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company's stock worth $1,108,000 after purchasing an additional 79 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VST shares. Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Morgan Stanley raised their target price on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. The Goldman Sachs Group lifted their price target on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Vistra in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has a consensus rating of "Buy" and a consensus price target of $227.85.

Vistra Stock Down 6.1%

Shares of NYSE VST opened at $197.17 on Friday. The firm has a market cap of $66.80 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.11 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The business's 50 day moving average is $200.48 and its two-hundred day moving average is $172.51.

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 firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. Vistra's dividend payout ratio is presently 14.35%.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 21,365 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $207.55, for a total value of $4,434,305.75. Following the sale, the chief executive officer owned 269,368 shares of the company's stock, valued at $55,907,328.40. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 463,350 shares of company stock valued at $95,374,138 over the last 90 days. 1.42% of the stock is owned by insiders.

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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