1,160 Shares in Vistra Corp. $VST Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,160 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. City State Bank raised its holdings in shares of Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the period. NewSquare Capital LLC increased its holdings in Vistra by 65.9% in the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares during the last quarter. Banque Transatlantique SA raised its stake 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 period. Armstrong Advisory Group Inc. lifted its holdings 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 purchasing an additional 78 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Vistra by 104.3% during the second quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after purchasing an additional 146 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 2.7%

Shares of NYSE VST opened at $179.15 on Thursday. The business has a 50-day moving average of $196.82 and a 200-day moving average of $187.48. The firm has a market capitalization of $60.70 billion, a price-to-earnings ratio of 64.67, a PEG ratio of 2.18 and a beta of 1.30. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last released its quarterly earnings results 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 net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president owned 306,600 shares in the company, valued at approximately $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James A. Burke sold 21,935 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total value of $4,091,535.55. Following the sale, the chief executive officer owned 271,074 shares of the company’s stock, valued at $50,563,433.22. This represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 860,120 shares of company stock valued at $171,817,820 over the last quarter. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on VST. Weiss Ratings cut shares of Vistra from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, November 13th. Melius initiated coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. TD Cowen initiated coverage on Vistra in a research report on Thursday, October 16th. They set a “buy” rating and a $250.00 price target on the stock. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. Finally, BMO Capital Markets raised their price objective on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $234.21.

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.