Brucke Financial Inc. Takes $261,000 Position in Vistra Corp. $VST

Brucke Financial Inc. acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, HoldingsChannel reports. The fund acquired 1,347 shares of the company’s stock, valued at approximately $261,000.

A number of other large investors have also recently made changes to their positions in the stock. Gunderson Capital Management Inc. purchased a new position in shares of Vistra during the 2nd quarter valued at about $6,952,000. Costello Asset Management INC lifted its position in shares of Vistra by 8.1% during the 2nd quarter. Costello Asset Management INC now owns 5,584 shares of the company’s stock valued at $1,082,000 after buying an additional 420 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Vistra by 4.1% during the 2nd quarter. IFP Advisors Inc now owns 7,326 shares of the company’s stock valued at $1,499,000 after buying an additional 291 shares in the last quarter. Callan Family Office LLC lifted its position in shares of Vistra by 112.9% during the 2nd quarter. Callan Family Office LLC now owns 44,593 shares of the company’s stock valued at $8,643,000 after buying an additional 23,649 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Vistra by 39.3% during the 2nd quarter. Blair William & Co. IL now owns 12,629 shares of the company’s stock valued at $2,448,000 after buying an additional 3,566 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price target for the company. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. BMO Capital Markets upped their price target on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Melius initiated coverage on Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target for the company. Finally, UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $227.85.

Vistra Stock Performance

NYSE:VST opened at $197.17 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. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The stock’s 50 day simple moving average is $200.48 and its two-hundred day simple moving average is $172.51. The company has a market cap of $66.80 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.11 and a beta of 1.33.

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

Vistra Increases Dividend

The business also recently announced 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. 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%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 463,350 shares of company stock worth $95,374,138. Insiders own 1.42% of the company’s stock.

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.