OneAscent Wealth Management LLC Invests $237,000 in Vistra Corp. $VST

OneAscent Wealth Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,225 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in shares of Vistra by 594.6% during the 1st quarter. Penserra Capital Management LLC now owns 6,196 shares of the company’s stock worth $727,000 after purchasing an additional 5,304 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after buying an additional 57,551 shares in the last quarter. Brown Advisory Inc. increased its holdings in Vistra by 7.6% in the first quarter. Brown Advisory Inc. now owns 98,355 shares of the company’s stock worth $11,551,000 after buying an additional 6,908 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Vistra by 42.0% during the first quarter. Stratos Wealth Partners LTD. now owns 15,960 shares of the company’s stock valued at $1,874,000 after acquiring an additional 4,717 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Vistra by 14.4% in the first quarter. M&T Bank Corp now owns 41,722 shares of the company’s stock valued at $4,900,000 after acquiring an additional 5,247 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 723,910 shares of company stock worth $148,086,569. 1.42% of the stock is owned by corporate insiders.

Vistra Trading Up 3.3%

Shares of NYSE:VST opened at $190.65 on Friday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The company has a market cap 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. The stock’s 50-day moving average is $199.04 and its 200-day moving average is $184.29.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.88%. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business 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 dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is presently 14.35%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VST shares. Evercore ISI lifted their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley raised their target price on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vistra in a research note on Thursday, October 30th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Vistra 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.