Avidian Wealth Enterprises LLC Invests $303,000 in Vistra Corp. $VST

Avidian Wealth Enterprises LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 1,566 shares of the company’s stock, valued at approximately $303,000.

Several other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC lifted its position in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after purchasing an additional 71 shares during the last quarter. Red Mountain Financial LLC lifted its position in shares of Vistra by 3.1% during the 2nd 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 last quarter. Parallel Advisors LLC lifted its position in shares of Vistra by 3.1% during the 2nd 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 last quarter. Global Financial Private Client LLC lifted its position in shares of Vistra by 4.7% during the 2nd 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 last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Vistra by 48.4% during the 2nd 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 last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $204.57, for a total value of $4,371,865.47. Following the completion of the sale, the chief executive officer directly owned 287,859 shares of the company’s stock, valued at approximately $58,887,315.63. This represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 632,966 shares of company stock valued at $130,462,677 over the last three months. 1.42% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Shares of NYSE:VST opened at $185.77 on Thursday. The company has a 50-day simple moving average of $199.60 and a 200-day simple moving average of $177.12. Vistra Corp. has a one year low of $90.51 and a one year 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. The stock has a market capitalization of $62.94 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.65 and a beta of 1.33.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 7th. The company reported $1.01 EPS 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 business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. On average, analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced 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 of this dividend was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s dividend payout ratio is currently 14.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VST shares. Morgan Stanley boosted their price target on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. The Goldman Sachs Group boosted their price target on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. BMO Capital Markets boosted their price target on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Vistra currently has a consensus 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.