Vistra Corp. $VST Shares Bought by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. grew its holdings in shares of Vistra Corp. (NYSE:VST) by 48.4% during the second quarter, Holdings Channel reports. The firm owned 239 shares of the company’s stock after acquiring an additional 78 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Vistra were worth $46,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in shares of Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after purchasing an additional 75 shares during the period. Global Financial Private Client LLC raised its holdings in shares of Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after purchasing an additional 76 shares during the period. Gallacher Capital Management LLC raised its holdings in shares of Vistra by 4.6% during the second quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company’s stock worth $356,000 after purchasing an additional 81 shares during the period. Cordatus Wealth Management LLC raised its holdings in shares of Vistra by 2.0% during the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company’s stock worth $493,000 after purchasing an additional 83 shares during the period. Finally, Oak Grove Capital LLC raised its holdings in shares of Vistra by 0.5% during the first quarter. Oak Grove Capital LLC now owns 19,760 shares of the company’s stock worth $2,321,000 after purchasing an additional 90 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST opened at $204.83 on Wednesday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The firm has a 50-day moving average price of $198.84 and a 200 day moving average price of $165.87. The firm has a market capitalization of $69.40 billion, a PE ratio of 32.67, a P/E/G ratio of 3.40 and a beta of 1.33.

Vistra (NYSE:VST) last posted its quarterly earnings data 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 business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s payout ratio is 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 190,847 shares of company stock worth $39,921,480. Company insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several recent research reports. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Melius initiated coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target for the company. Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price target for the company. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group restated a “hold” rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus target price of $213.00.

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.