Vistra Corp. $VST Shares Sold by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors reduced its Vistra stake by 37.1% in the second quarter, selling 11,929 shares and retaining 20,196 shares valued at approximately $3.2 million. Institutional investors and hedge funds collectively own 90.88% of Vistra.
• Vistra’s latest quarterly results fell short of expectations, with adjusted EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus $5.46 billion expected. Analysts nevertheless maintain a “Moderate Buy” consensus rating with an average price target of $223.53.
• The company declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 0.6% yield. Recent analyst actions included Morgan Stanley raising its target to $227 and BNP Paribas Exane setting a $255 target.

Concurrent Investment Advisors LLC lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 37.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,196 shares of the company's stock after selling 11,929 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Vistra were worth $3,204,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra during the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vistra in the 4th quarter worth approximately $30,000. Strive Financial Group LLC acquired a new stake in Vistra during the fourth quarter valued at approximately $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in Vistra during the fourth quarter valued at approximately $35,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Vistra stock opened at $149.27 on Tuesday. The firm's 50 day simple moving average is $149.13 and its 200-day simple moving average is $154.53. The company has a market cap of $50.10 billion, a P/E ratio of 25.21 and a beta of 1.40. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $5.46 billion. As a group, equities research analysts predict that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.23 dividend. The ex-dividend date is Monday, September 21st. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra's dividend payout ratio is currently 15.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Vistra from $212.00 to $227.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. BNP Paribas Exane set a $255.00 price objective on Vistra in a research report on Wednesday, August 19th. Weiss Ratings lowered Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Jefferies Financial Group restated a "buy" rating and issued a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $212.00 target price on shares of Vistra in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $223.53.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 25,000 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company's stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares of the company's stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,988 shares of company stock worth $5,178,427 over the last three months. Company insiders own 0.92% of the company's stock.

Vistra Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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