Significant Wealth Partners LLC Takes $212,000 Position in Vistra Corp. $VST

Significant Wealth Partners LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,094 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in the company. LeConte Wealth Management LLC acquired a new stake in shares of Vistra during the second quarter valued at about $211,000. Avaii Wealth Management LLC acquired a new stake in shares of Vistra during the second quarter valued at about $370,000. Harrell Investment Partners LLC acquired a new stake in shares of Vistra during the second quarter valued at about $793,000. Clarus Group Inc. acquired a new stake in shares of Vistra during the second quarter valued at about $222,000. Finally, Wealth Effects LLC boosted its stake in shares of Vistra by 1.4% during the second quarter. Wealth Effects LLC now owns 5,717 shares of the company’s stock valued at $1,108,000 after purchasing an additional 81 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VST shares. Jefferies Financial Group reissued a “hold” rating and set a $230.00 price target (down from $241.00) on shares of Vistra in a research note on Monday. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Melius Research raised Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group lifted their price objective on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley set a $207.00 price objective on Vistra and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $217.13.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,360 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $210.21, for a total transaction of $4,490,085.60. Following the completion of the sale, the chief executive officer owned 238,520 shares in the company, valued at $50,139,289.20. The trade was a 8.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 233,569 shares of company stock worth $48,915,316 in the last ninety days. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 1.0%

Shares of VST stock opened at $202.15 on Thursday. The company has a market cap of $68.49 billion, a P/E ratio of 32.24, a PEG ratio of 3.19 and a beta of 1.33. The stock has a 50 day simple moving average of $199.20 and a two-hundred day simple moving average of $166.12. 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 fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last issued its 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 business 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%. Research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra’s dividend payout ratio is presently 14.35%.

Vistra 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.