Apollon Wealth Management LLC Grows Stock Position in Vistra Corp. $VST

Apollon Wealth Management LLC lifted its stake in Vistra Corp. (NYSE:VST) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,741 shares of the company’s stock after buying an additional 170 shares during the period. Apollon Wealth Management LLC’s holdings in Vistra were worth $1,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Vistra by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after purchasing an additional 11,386 shares during the period. Northern Trust Corp increased its holdings in Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after purchasing an additional 57,358 shares during the period. Nuveen LLC purchased a new position in Vistra during the 1st quarter valued at about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Vistra by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock valued at $172,717,000 after purchasing an additional 118,230 shares during the period. Finally, American Century Companies Inc. increased its holdings in Vistra by 1.5% during the 1st quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock valued at $155,920,000 after purchasing an additional 19,679 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $209.22 on Tuesday. 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 business’s 50 day moving average price is $200.38 and its 200-day moving average price is $173.85. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a market cap of $70.89 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.92 and a beta of 1.33.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,365 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $207.55, for a total value of $4,434,305.75. Following the sale, the chief executive officer directly owned 269,368 shares of the company’s stock, valued at $55,907,328.40. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 463,350 shares of company stock valued at $95,374,138. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. BMO Capital Markets lifted their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vistra has an average rating of “Buy” and an average price target of $227.58.

About Vistra

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.