Whitaker Myers Wealth Managers LTD. acquired a new position in Vistra Corp. (NYSE:VST – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,955 shares of the company’s stock, valued at approximately $775,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Kirr Marbach & Co. LLC IN raised its stake in Vistra by 0.9% in the second quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock valued at $32,698,000 after purchasing an additional 1,535 shares in the last quarter. ELCO Management Co. LLC acquired a new stake in Vistra during the second quarter worth about $499,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Vistra in the 2nd quarter valued at about $292,000. Peak Financial Advisors LLC acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $547,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vistra by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after buying an additional 35,444 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Vistra in a research report on Monday, October 27th. They set an “overweight” rating and a $238.00 price target on the stock. TD Cowen started coverage on Vistra in a research note on Thursday, October 16th. They set a “buy” rating and a $250.00 target price for the company. KeyCorp started coverage on Vistra in a research note on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Finally, Evercore ISI raised their price objective on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus price target of $232.40.
Vistra Price Performance
Vistra stock opened at $161.95 on Friday. The stock has a 50-day moving average price of $177.85 and a two-hundred day moving average price of $189.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market capitalization of $54.87 billion, a PE ratio of 58.47, a P/E/G ratio of 2.94 and a beta of 1.39. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74.
Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Analysts expect that Vistra Corp. will post 7 EPS for the current year.
Vistra Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is 32.85%.
Insider Transactions at Vistra
In related news, CEO James A. Burke sold 41,426 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $201.32, for a total value of $8,339,882.32. Following the sale, the chief executive officer owned 246,522 shares of the company’s stock, valued at $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 592,895 shares of company stock worth $115,003,119. Company insiders own 1.42% of the company’s stock.
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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