Vistra Corp. $VST Shares Purchased by Creative Planning

Creative Planning increased its position in shares of Vistra Corp. (NYSE:VST) by 47.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,513 shares of the company’s stock after buying an additional 19,975 shares during the quarter. Creative Planning’s holdings in Vistra were worth $12,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA increased its holdings in shares of 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. City State Bank grew its position in Vistra by 210.0% during 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 last quarter. Keener Financial Planning LLC acquired a new position in Vistra in the first quarter valued at $34,000. WPG Advisers LLC acquired a new position in Vistra in the first quarter valued at $37,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Vistra in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VST. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Morgan Stanley boosted 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. TD Cowen initiated coverage on Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price target for the company. Cowen assumed coverage on shares of Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $234.21.

Vistra Price Performance

Shares of VST opened at $175.09 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock’s 50 day moving average is $197.41 and its two-hundred day moving average is $187.54. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market capitalization of $59.33 billion, a PE ratio of 63.21, a P/E/G ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS 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 64.04%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Research analysts anticipate 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. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 32.49%.

Insiders Place Their Bets

In other news, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the transaction, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This represents a 21.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James A. Burke sold 21,935 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the sale, the chief executive officer owned 271,074 shares of the company’s stock, valued at $50,563,433.22. This trade represents a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 860,120 shares of company stock worth $171,817,820. Corporate insiders own 1.42% of the company’s stock.

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.