Signet Financial Management LLC Makes New $1.57 Million Investment in Vistra Corp. (NYSE:VST)

Signet Financial Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,828 shares of the company’s stock, valued at approximately $1,573,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Vistra by 160.7% during the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Vistra during the 3rd quarter valued at $26,000. Fifth Third Bancorp bought a new position in shares of Vistra during the 3rd quarter valued at $29,000. Rise Advisors LLC bought a new position in shares of Vistra during the 4th quarter valued at $35,000. Finally, Quarry LP bought a new position in shares of Vistra during the 2nd quarter valued at $29,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley reiterated an “overweight” rating and issued a $78.00 target price on shares of Vistra in a report on Monday, March 25th. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $63.50.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 86,517 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $15,069,030.52. The disclosure for this sale can be found here. Insiders have sold a total of 257,285 shares of company stock valued at $15,404,397 over the last quarter. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

Shares of VST opened at $67.60 on Wednesday. The company has a market capitalization of $23.52 billion, a PE ratio of 18.88 and a beta of 1.05. Vistra Corp. has a one year low of $22.67 and a one year high of $75.89. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. The company’s fifty day moving average price is $59.65 and its 200 day moving average price is $44.57.

Vistra (NYSE:VST) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a return on equity of 20.05% and a net margin of 10.10%. As a group, analysts expect that Vistra Corp. will post 4.24 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.215 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, March 19th. Vistra’s payout ratio is 24.02%.

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.