Kingsview Wealth Management LLC Invests $734,000 in Vistra Corp. $VST

Kingsview Wealth Management LLC acquired a new stake in Vistra Corp. (NYSE:VSTFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,626 shares of the company’s stock, valued at approximately $734,000.

A number of other hedge funds have also recently bought and sold shares of VST. BlackRock Inc. acquired a new stake in Vistra in the 2nd quarter valued at about $4,610,496,000. State Street Corp raised its holdings in shares of Vistra by 2.7% in the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after purchasing an additional 432,028 shares in the last quarter. Geode Capital Management LLC lifted its stake in Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after purchasing an additional 97,424 shares during the last quarter. Norges Bank acquired a new stake in Vistra during the fourth quarter valued at approximately $746,729,000. Finally, Invesco Ltd. boosted its holdings in Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after buying an additional 35,258 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 0.1%

NYSE:VST opened at $137.16 on Monday. The business’s fifty day moving average price is $151.62 and its 200 day moving average price is $155.50. The firm has a market capitalization of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

Vistra (NYSE:VSTGet Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. On average, sell-side analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the sale, the director directly owned 70,714 shares of the company’s stock, valued at $12,021,380. This trade represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,588 shares of company stock worth $5,914,427 in the last 90 days. 0.92% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VST. Morgan Stanley upped their price target on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. UBS Group reduced their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $206.00 target price on Vistra in a research report on Wednesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. Finally, Mizuho assumed coverage on shares of Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $223.53.

Get Our Latest Analysis on Vistra

About Vistra

(Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

Further Reading

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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