CX Institutional Boosts Stock Position in Vistra Corp. $VST

CX Institutional lifted its stake in shares of Vistra Corp. (NYSE:VST) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,181 shares of the company’s stock after acquiring an additional 9,132 shares during the quarter. CX Institutional’s holdings in Vistra were worth $7,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Equitable Holdings Inc. increased its stake in shares of Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares in the last quarter. UMB Bank n.a. raised its holdings in Vistra by 3.8% during the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after acquiring an additional 65 shares during the period. Rothschild Investment LLC lifted its position in shares of Vistra by 2.9% in the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after acquiring an additional 68 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Vistra by 4.9% in the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after acquiring an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC boosted its stake in shares of Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock worth $2,333,000 after acquiring an additional 73 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price target on shares of Vistra in a report on Monday, June 15th. Raymond James Financial set a $208.00 price objective on shares of Vistra in a research report on Monday, April 27th. Scotiabank boosted their target price on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, UBS Group decreased their price target on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $229.88.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,588 shares of company stock valued at $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Down 8.0%

NYSE VST opened at $143.44 on Wednesday. The stock has a 50 day moving average price of $156.11 and a 200-day moving average price of $157.67. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market capitalization of $48.37 billion, a P/E ratio of 24.03 and a beta of 1.41.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, equities analysts predict that Vistra Corp. will post 9.37 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.41%.

Vistra 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.