Elevation Point Wealth Partners LLC acquired a new position in shares of Vistra Corp. (NYSE:VST – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,726 shares of the company’s stock, valued at approximately $3,416,000.
A number of other large investors have also made changes to their positions in VST. Empowered Funds LLC lifted its stake in shares of Vistra by 24.1% in the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after buying an additional 3,920 shares during the period. Woodline Partners LP increased its stake in Vistra by 40.7% during the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after acquiring an additional 8,312 shares during the period. Focus Partners Wealth increased its stake in Vistra by 37.3% during the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after acquiring an additional 2,125 shares during the period. Sivia Capital Partners LLC acquired a new position in Vistra in the 2nd quarter valued at approximately $269,000. Finally, Slocum Gordon & Co LLP raised its holdings in Vistra by 20.0% in the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
Analysts Set New Price Targets
VST has been the topic of several recent research reports. Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. TD Cowen decreased their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $230.31.
Insider Activity
In related news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares in the company, valued at approximately $2,368,825.60. This trade represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 41,588 shares of company stock valued at $6,739,227. Company insiders own 0.92% of the company’s stock.
Vistra Stock Performance
Shares of NYSE:VST opened at $150.98 on Friday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The business’s fifty day moving average price is $154.37 and its two-hundred day moving average price is $158.92. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 25.29 and a beta of 1.40.
Vistra (NYSE:VST – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. As a group, analysts predict that Vistra Corp. will post 9.52 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.229 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 15.41%.
Vistra Company Profile
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.
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