Forefront Wealth Management Inc. Acquires New Stake in Vistra Corp. $VST

Forefront Wealth Management Inc. bought a new stake in Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,206 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after purchasing an additional 75 shares during the last quarter. Global Financial Private Client LLC grew its holdings in Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after buying an additional 76 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Vistra by 4.6% during the 2nd quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company’s stock worth $356,000 after acquiring an additional 81 shares during the period. Finally, Opal Wealth Advisors LLC boosted its position in shares of Vistra by 20.5% during the 2nd quarter. Opal Wealth Advisors LLC now owns 476 shares of the company’s stock valued at $92,000 after acquiring an additional 81 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE VST opened at $207.27 on Monday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of $70.23 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.14 and a beta of 1.34. The stock has a 50-day moving average of $199.88 and a two-hundred day moving average of $168.07. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS 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 during the quarter, compared to analysts’ expectations of $5.15 billion. As a group, analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business 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 an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra’s dividend payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VST. The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. BMO Capital Markets lifted their price target on shares of Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Morgan Stanley increased their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday. Melius Research upgraded Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $218.20.

Insider Activity

In related news, CEO James A. Burke sold 21,379 shares of Vistra stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $199.90, for a total value of $4,273,662.10. Following the completion of the transaction, the chief executive officer directly owned 243,770 shares in the company, valued at approximately $48,729,623. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 276,319 shares of company stock valued at $57,544,816 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

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.