Vistra Corp. $VST Shares Bought by City State Bank

City State Bank boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 210.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 155 shares of the company’s stock after buying an additional 105 shares during the quarter. City State Bank’s holdings in Vistra were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. increased its stake in Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Banque Transatlantique SA increased its stake in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the last quarter. LRI Investments LLC increased its stake 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 acquiring an additional 146 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in Vistra during the first quarter worth $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VST. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. TD Cowen began coverage on Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. 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. Finally, BMO Capital Markets lifted their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Vistra currently has an average rating of “Buy” and an average price target of $229.31.

Vistra Trading Up 5.4%

VST opened at $201.62 on Friday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock has a market capitalization of $68.31 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The business has a fifty day moving average price of $199.45 and a 200 day moving average price of $178.94.

Vistra (NYSE:VST) last released its 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $0.226 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.4%. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 19,612 shares of Vistra stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $188.30, for a total transaction of $3,692,939.60. Following the completion of the sale, the chief executive officer directly owned 292,642 shares of the company’s stock, valued at $55,104,488.60. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 654,583 shares of company stock worth $134,542,882. 1.42% of the stock is owned by insiders.

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.