West Michigan Advisors LLC Takes $535,000 Position in Vistra Corp. $VST

Key Points

• West Michigan Advisors LLC has acquired a new position in Vistra Corp. valued at approximately $535,000, purchasing 2,759 shares during the second quarter.
• Vistra recently reported lower than expected earnings, with a quarterly EPS of $1.01, missing analysts' estimates of $1.63, and revenue of $4.25 billion against a forecast of $5.15 billion.
• The company declared a quarterly dividend increase to $0.226 per share, reflecting a positive change from the previous dividend of $0.23, highlighting a dividend yield of 0.5%.

West Michigan Advisors LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,759 shares of the company's stock, valued at approximately $535,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Amalgamated Bank boosted its stake 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. Peak Financial Advisors LLC purchased a new stake in Vistra during the second quarter worth $547,000. 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 period. Tcfg Wealth Management LLC bought a new position in shares of Vistra in the 2nd quarter worth $258,000. Finally, Golden State Wealth Management LLC raised its holdings in Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after purchasing an additional 381 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Up 3.7%

Vistra stock opened at $198.54 on Friday. 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 business has a 50 day simple moving average of $199.36 and a 200-day simple moving average of $177.73. The stock has a market capitalization of $67.27 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm 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, analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $0.226 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. The Goldman Sachs Group lifted their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, UBS Group increased their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $229.31.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 19,612 shares of Vistra stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $188.30, for a total value of $3,692,939.60. Following the sale, the chief executive officer owned 292,642 shares in the company, valued at $55,104,488.60. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 654,583 shares of company stock worth $134,542,882 over the last ninety days. 1.42% of the stock is owned by company 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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