Kimelman & Baird LLC Invests $999,000 in Vistra Corp. $VST

Kimelman & Baird LLC bought a new position in Vistra Corp. (NYSE:VST) in the second quarter, HoldingsChannel.com reports. The fund bought 6,300 shares of the company’s stock, valued at approximately $999,000.

Other large investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra during the fourth quarter valued at approximately $30,000. Strive Financial Group LLC acquired a new position in Vistra during the fourth quarter valued at approximately $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Vistra during the fourth quarter valued at approximately $35,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on VST shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday, August 12th. Finally, Mizuho assumed coverage on Vistra in a report on Monday. They set 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $223.53.

Insider Buying and Selling at Vistra

In other news, 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 transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares in the company, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Scott B. Helm sold 25,000 shares of Vistra stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% 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 valued at $5,914,427. Insiders own 0.92% of the company’s stock.

Vistra Stock Down 1.9%

Vistra stock opened at $137.16 on Friday. The stock has a market cap of $46.04 billion, a P/E ratio of 23.17 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. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company’s 50-day moving average price is $151.62 and its two-hundred day moving average price is $155.48.

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

Vistra Increases Dividend

The company also recently declared 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 represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

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.