Vistra Corp. $VST Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA boosted its holdings in Vistra Corp. (NYSE:VST) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,360 shares of the company’s stock after buying an additional 322 shares during the period. GLOBALT Investments LLC GA’s holdings in Vistra were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VST. Banque Transatlantique SA boosted its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. boosted its stake in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Vistra in the 1st quarter worth about $34,000. WPG Advisers LLC acquired a new stake in Vistra in the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Vistra in the 1st quarter worth about $39,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Vistra stock opened at $201.62 on Friday. The stock’s 50 day moving average price is $199.45 and its 200 day moving average price is $178.41. The firm has a market capitalization of $68.31 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33. 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 Corp. has a one year low of $90.51 and a one year high of $219.82.

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

Vistra Increases Dividend

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

Insider Buying and Selling

In related 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 directly 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 legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 654,583 shares of company stock worth $134,542,882. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VST shares. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Scotiabank began coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group lifted their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.