Capstone Financial Advisors Inc. Buys Shares of 4,597 Vistra Corp. $VST

Capstone Financial Advisors Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,597 shares of the company’s stock, valued at approximately $891,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Banque Transatlantique SA grew its position in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. City State Bank boosted its stake in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. Keener Financial Planning LLC bought a new position in shares of Vistra in the first quarter worth about $34,000. WPG Advisers LLC purchased a new position in Vistra in the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in Vistra during the 1st quarter valued at about $39,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 4.0%

Shares of NYSE VST opened at $171.20 on Friday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The stock’s fifty day simple moving average is $198.31 and its two-hundred day simple moving average is $185.91. The stock has a market capitalization of $58.01 billion, a PE ratio of 61.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. Vistra’s payout ratio is currently 32.49%.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 21,935 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer owned 271,074 shares in the company, valued at $50,563,433.22. The trade was a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 745,845 shares of company stock valued at $152,178,104. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on VST. Weiss Ratings reissued a “buy (b-)” rating on shares of Vistra in a research report on Thursday, October 30th. Scotiabank assumed 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. Wells Fargo & Company initiated coverage on Vistra in a research report on Monday, October 27th. They set an “overweight” rating and a $238.00 target price for the company. Cowen initiated coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $234.21.

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.