Pekin Hardy Strauss Inc. Has $1.20 Million Position in Vistra Corp. $VST

Pekin Hardy Strauss Inc. lifted its holdings in Vistra Corp. (NYSE:VST) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,165 shares of the company’s stock after acquiring an additional 365 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Vistra were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC grew its stake in Vistra by 18.9% during the second quarter. Savant Capital LLC now owns 6,286 shares of the company’s stock worth $1,218,000 after purchasing an additional 998 shares during the period. OneAscent Wealth Management LLC bought a new position in shares of Vistra during the 2nd quarter worth approximately $237,000. Horizon Investment Services LLC bought a new position in shares of Vistra during the 2nd quarter worth approximately $243,000. Kayne Anderson Capital Advisors LP grew its position in shares of Vistra by 57.3% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 38,687 shares of the company’s stock worth $7,498,000 after buying an additional 14,090 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of Vistra by 1,400.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 345 shares of the company’s stock valued at $67,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 3.3%

Shares of NYSE VST opened at $190.65 on Friday. 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 company has a 50-day moving average price of $199.04 and a 200-day moving average price of $184.29. The stock has a market capitalization of $64.60 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.62 and a beta of 1.30. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Vistra had a return on equity of 64.88% and a net margin of 6.70%. On average, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.227 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio is 14.35%.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 723,910 shares of company stock worth $148,086,569 over the last 90 days. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Vistra in a research note on Thursday, October 30th. The Goldman Sachs Group upped their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley increased their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price for the company. Finally, Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Four investment 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.com, Vistra has a consensus rating of “Buy” and a consensus target price 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.