Vistra Corp. $VST Stock Position Lifted by State of Wyoming

Key Points

• The State of Wyoming increased its stake in Vistra Corp. by 532.9% during the first quarter, acquiring a total of 2,658 shares valued at $312,000.
• Vistra Corp. recently announced a quarterly dividend increase to $0.226 per share, representing a 0.5% dividend yield and a dividend payout ratio of 14.35%.
• The company's earnings report showed a missed consensus estimate for Q2 with earnings per share of $1.01, compared to the expected $1.63, and revenue of $4.25 billion against a $5.15 billion forecast.

State of Wyoming raised its stake in Vistra Corp. (NYSE:VST - Free Report) by 532.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,658 shares of the company's stock after buying an additional 2,238 shares during the quarter. State of Wyoming's holdings in Vistra were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Vistra in the 1st quarter valued at about $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the 1st quarter valued at about $432,000. Envestnet Asset Management Inc. increased its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after acquiring an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after buying an additional 224 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 1.0%

Shares of VST stock traded up $1.85 during trading hours on Thursday, reaching $189.97. The company had a trading volume of 2,769,407 shares, compared to its average volume of 6,904,480. 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 Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The company has a market capitalization of $64.36 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33. The stock's fifty day simple moving average is $195.59 and its 200 day simple moving average is $159.63.

Vistra (NYSE:VST - Get Free Report) last posted 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 14.35%.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Melius Research upgraded Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. The Goldman Sachs Group boosted their target price on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Vistra Company 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.