Yeomans Consulting Group Inc. Acquires New Shares in Vistra Corp. $VST

Key Points

• Yeomans Consulting Group Inc. acquired 1,772 shares of Vistra Corp. for approximately $328,000 in the second quarter, reflecting growing institutional investment in the company.
• Vistra Corp. reported a quarterly earnings per share of $1.01, missing expectations, with revenues of $4.25 billion compared to a consensus estimate of $5.15 billion.
• The firm declared a recent increase in its quarterly dividend to $0.226, representing a 0.4% yield and a payout ratio of 14.35%.

Yeomans Consulting Group Inc. bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,772 shares of the company's stock, valued at approximately $328,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. raised its holdings in shares of Vistra by 275.4% during 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 last quarter. Banque Transatlantique SA grew its position in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the period. Armstrong Advisory Group Inc. grew its position in Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after purchasing an additional 78 shares during the period. Keener Financial Planning LLC purchased a new stake in Vistra during the 1st quarter valued at $34,000. Finally, WPG Advisers LLC bought a new position in shares of Vistra during the 1st quarter valued at $37,000. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

NYSE VST opened at $202.78 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock has a market cap of $68.70 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 3.01 and a beta of 1.33. The company's 50 day moving average is $200.37 and its two-hundred day moving average is $169.53.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Insider Buying and Selling

In other news, CEO James A. Burke sold 19,605 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $194.78, for a total value of $3,818,661.90. Following the transaction, the chief executive officer directly owned 253,815 shares in the company, valued at $49,438,085.70. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 358,274 shares of company stock worth $73,886,457 over the last quarter. 1.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on VST shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $230.00 price objective (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Melius Research raised shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $223.71.

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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