3,910 Shares in Vistra Corp. $VST Bought by Wedbush Fund Advisers LLC

Wedbush Fund Advisers LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,910 shares of the company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Vistra during the 2nd quarter worth approximately $4,610,496,000. Fifth Third Bancorp lifted its position in shares of Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after acquiring an additional 86,393 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra in the fourth quarter worth approximately $746,729,000. Payden & Rygel increased its position in shares of Vistra by 3,118.2% during the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the 4th quarter valued at $29,875,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 2.5%

Shares of NYSE:VST opened at $139.09 on Wednesday. The firm has a market capitalization of $46.68 billion, a PE ratio of 23.50 and a beta of 1.41. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The firm’s 50-day moving average is $152.99 and its two-hundred day moving average is $155.70.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Analysts predict that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.54%.

Analyst Ratings Changes

VST has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Mizuho started coverage on shares of Vistra in a research report on Monday. They issued an “outperform” rating and a $169.00 target price for the company. TD Cowen decreased their price target on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Wells Fargo & Company restated an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Monday, August 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $223.53.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 36,588 shares of company stock worth $5,914,427. 0.92% of the stock is currently owned by corporate insiders.

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.