Vistra Corp. $VST Stake Boosted by Segment Wealth Management LLC

Key Points

• Segment Wealth Management LLC increased its stake in Vistra Corp. by 36.0%, now holding shares valued at approximately $1.15 million.
• Several analysts have raised their price targets for Vistra, with Goldman Sachs setting a new target of $203.00 and UBS Group increasing theirs to $230.00.
• Vistra has recently increased its quarterly dividend to $0.226 per share, representing an annual yield of 0.4%, with a low payout ratio of 14.35%.

Segment Wealth Management LLC grew its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 36.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,914 shares of the company's stock after acquiring an additional 1,566 shares during the period. Segment Wealth Management LLC's holdings in Vistra were worth $1,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VST. NBC Securities Inc. acquired a new stake in shares of Vistra in the 1st quarter valued at $124,000. Merit Financial Group LLC acquired a new stake in shares of Vistra in the 1st quarter valued at $583,000. Gilman Hill Asset Management LLC acquired a new stake in shares of Vistra in the 1st quarter valued at $264,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Vistra by 88.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,074 shares of the company's stock valued at $361,000 after purchasing an additional 1,439 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership lifted its stake in shares of Vistra by 49.2% in the 1st quarter. AFG Fiduciary Services Limited Partnership now owns 2,521 shares of the company's stock valued at $298,000 after purchasing an additional 831 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VST shares. The Goldman Sachs Group lifted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Vistra in a research report on Saturday, September 27th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $230.00 target price (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $224.21.

Vistra Stock Down 0.2%

Shares of VST opened at $202.25 on Friday. The company has a 50-day simple moving average of $200.57 and a 200-day simple moving average of $170.06. The firm has a market capitalization of $68.53 billion, a P/E ratio of 32.26, a P/E/G ratio of 3.03 and a beta of 1.33. 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 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion for 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%. On average, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.226 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 358,274 shares of company stock worth $73,886,457 over the last three months. 1.42% of the stock is currently owned by corporate 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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