Vistra Corp. $VST Stake Reduced by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. lessened its stake in shares of Vistra Corp. (NYSE:VST) by 74.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,142 shares of the company’s stock after selling 3,403 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Vistra were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Red Mountain Financial LLC boosted its position in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after purchasing an additional 74 shares during the period. Parallel Advisors LLC boosted its position in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after purchasing an additional 75 shares during the period. Global Financial Private Client LLC boosted its position in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after purchasing an additional 76 shares during the period. Armstrong Advisory Group Inc. boosted its position in Vistra by 48.4% during the second 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. Finally, Fairvoy Private Wealth LLC boosted its position in Vistra by 1.4% during the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock worth $1,108,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VST. Scotiabank began coverage on Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective for the company. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, September 17th. Jefferies Financial Group reissued 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. Finally, JPMorgan Chase & Co. increased their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $224.21.

Insider Transactions at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $204.82, for a total value of $4,377,208.22. Following the completion of the sale, the chief executive officer owned 259,073 shares of the company’s stock, valued at approximately $53,063,331.86. This represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 379,645 shares of company stock valued at $78,263,666. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

Shares of VST stock opened at $200.37 on Tuesday. The stock’s fifty day moving average is $200.65 and its 200-day moving average is $171.10. The stock has a market capitalization of $67.89 billion, a PE ratio of 31.96, a PEG ratio of 3.02 and a beta of 1.33. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. 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 (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) 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 the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 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.