Jacobs Equity LLC Acquires Shares of 4,454 Vistra Corp. $VST

Jacobs Equity LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,454 shares of the company’s stock, valued at approximately $707,000. Vistra comprises about 0.5% of Jacobs Equity LLC’s portfolio, making the stock its 28th largest holding.

A number of other institutional investors also recently modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vistra in the 4th quarter worth approximately $30,000. Triumph Capital Management bought a new stake in shares of Vistra in the 3rd quarter worth approximately $38,000. Finally, Strive Asset Management LLC purchased a new position in shares of Vistra during the third quarter valued at approximately $38,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction 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. The trade was a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 36,588 shares of company stock worth $5,914,427. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VST. TD Cowen decreased their target price on Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Wells Fargo & Company reiterated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a report on Monday, August 10th. UBS Group reduced their price objective on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Finally, Mizuho initiated 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $223.53.

Vistra Trading Down 0.1%

VST opened at $139.90 on Friday. The stock has a market cap of $46.96 billion, a PE ratio of 23.63 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The business has a 50 day moving average of $152.15 and a 200-day moving average of $155.61. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Equities research analysts predict that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

About Vistra

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.