Peak Financial Advisors LLC Makes New Investment in Vistra Corp. $VST

Peak Financial Advisors LLC purchased a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,821 shares of the company’s stock, valued at approximately $547,000.

Other large investors have also added to or reduced their stakes in the company. Focus Partners Wealth boosted its position in shares of Vistra by 85.9% in the fourth quarter. Focus Partners Wealth now owns 5,703 shares of the company’s stock worth $811,000 after purchasing an additional 2,635 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Vistra by 38.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,531 shares of the company’s stock worth $5,864,000 after purchasing an additional 11,892 shares during the period. NorthRock Partners LLC bought a new position in shares of Vistra in the fourth quarter worth approximately $343,000. Quantinno Capital Management LP boosted its position in shares of Vistra by 22.7% in the fourth quarter. Quantinno Capital Management LP now owns 28,310 shares of the company’s stock worth $3,903,000 after purchasing an additional 5,236 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Vistra by 12.9% in the fourth quarter. ProShare Advisors LLC now owns 51,559 shares of the company’s stock worth $7,108,000 after purchasing an additional 5,910 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. BMO Capital Markets upped their price target on shares of Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target on the stock. Jefferies Financial Group upped their price target on shares of Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, UBS Group upped their price target on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.43.

Vistra Trading Up 2.8%

Shares of VST opened at $209.67 on Friday. Vistra Corp. has a twelve month low of $81.12 and a twelve month high of $216.85. The company has a market cap of $71.04 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.19 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company’s fifty day simple moving average is $196.55 and its 200-day simple moving average is $161.67.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.226 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra’s payout ratio is currently 14.35%.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.