1,049 Shares in Vistra Corp. $VST Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,049 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. boosted its stake in 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 buying an additional 168 shares during the last quarter. Banque Transatlantique SA boosted its stake in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after buying an additional 78 shares during the last quarter. LRI Investments LLC boosted its stake in Vistra by 104.3% during the second quarter. LRI Investments LLC now owns 286 shares of the company’s stock valued at $55,000 after buying an additional 146 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in Vistra during the first quarter valued at approximately $34,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

NYSE:VST opened at $201.53 on Friday. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.86 and a beta of 1.33. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The business has a 50 day simple moving average of $200.58 and a 200-day simple moving average of $175.84. 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 (NYSE:VST) last posted its quarterly earnings data 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 company 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 analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date was Friday, September 19th. 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%. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,355 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total value of $4,595,809.55. Following the sale, the chief executive officer directly owned 282,597 shares in the company, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 590,228 shares of company stock valued at $121,653,740 in the last quarter. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VST. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. 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, September 22nd. BMO Capital Markets raised their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Four research 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’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $229.31.

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.