FLC Capital Advisors Makes New Investment in Vistra Corp. $VST

FLC Capital Advisors purchased a new position in Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,439 shares of the company’s stock, valued at approximately $279,000.

Other large investors have also bought and sold shares of the company. Banque Transatlantique SA grew its holdings in Vistra by 132.0% in the first 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. HM Payson & Co. lifted its stake in shares of Vistra by 275.4% in 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 in the last quarter. Keener Financial Planning LLC bought a new position in shares of Vistra in the first quarter valued at $34,000. WPG Advisers LLC bought a new position in shares of Vistra in the first quarter valued at $37,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Vistra in the first quarter valued at $39,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VST shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. TD Cowen started coverage on shares of Vistra in a research note on Thursday. They issued a “buy” rating and a $250.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $229.31.

Vistra Stock Down 4.2%

VST opened at $201.53 on Monday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company’s 50-day moving average is $200.58 and its 200 day moving average is $176.32. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm has a market capitalization of $68.28 billion, a P/E ratio of 32.14, a PEG ratio of 2.86 and a beta of 1.33.

Vistra (NYSE:VST) last released 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is presently 14.35%.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,355 shares of Vistra stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $215.21, for a total value of $4,595,809.55. Following the sale, the chief executive officer owned 282,597 shares of the company’s stock, valued at approximately $60,817,700.37. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 590,228 shares of company stock valued at $121,653,740 over the last 90 days. Insiders own 1.42% of the company’s stock.

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.