Vistra Corp. $VST Shares Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC has reduced its stake in Vistra Corp. by 16.1% in the second quarter, selling 2,221 shares, leaving them with a total of 11,533 shares valued at approximately $2.24 million.
• Several analysts have recently adjusted their price targets for Vistra Corp., with Morgan Stanley raising it to $223.00 and JPMorgan Chase & Co. increasing it to $248.00, both maintaining an "overweight" rating.
• CEO James A. Burke sold 43,074 shares of the company stock on September 11th for about $8.99 million, which brought his total ownership down by 16.56% to 217,025 shares.

MGO One Seven LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,533 shares of the company's stock after selling 2,221 shares during the quarter. MGO One Seven LLC's holdings in Vistra were worth $2,235,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VST. Banque Transatlantique SA grew its position in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. grew its position in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Vistra in the first quarter valued at about $34,000. WPG Advisers LLC acquired a new stake in shares of Vistra in the first quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Vistra in the first quarter valued at about $39,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. Morgan Stanley raised their price target 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. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their price target on shares of Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. BMO Capital Markets raised their price target on shares of Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Vistra in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $227.58.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 463,350 shares of company stock valued at $95,374,138. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE:VST opened at $205.55 on Wednesday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of $69.64 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.11 and a beta of 1.33. The company's 50-day moving average is $200.30 and its two-hundred day moving average is $174.07. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm 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 forecast 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 issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is presently 14.35%.

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.

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