Harbour Investments Inc. Raises Holdings in Vistra Corp. $VST

Harbour Investments Inc. grew its position in shares of Vistra Corp. (NYSE:VST) by 102.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,771 shares of the company’s stock after purchasing an additional 1,911 shares during the period. Harbour Investments Inc.’s holdings in Vistra were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in shares of Vistra during the second quarter valued at about $337,000. Sagespring Wealth Partners LLC purchased a new position in shares of Vistra during the second quarter valued at about $454,000. Wilmington Savings Fund Society FSB grew its position in shares of Vistra by 63.2% during the second quarter. Wilmington Savings Fund Society FSB now owns 7,443 shares of the company’s stock valued at $1,443,000 after purchasing an additional 2,883 shares in the last quarter. Kiker Wealth Management LLC grew its position in shares of Vistra by 611.9% during the second quarter. Kiker Wealth Management LLC now owns 1,139 shares of the company’s stock valued at $221,000 after purchasing an additional 979 shares in the last quarter. Finally, Jag Capital Management LLC purchased a new position in shares of Vistra during the second quarter valued at about $244,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 4.2%

Shares of NYSE:VST opened at $201.53 on Monday. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The business has a 50 day simple moving average of $200.58 and a two-hundred day simple moving average of $176.32. The firm has a market capitalization of $68.28 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.15 billion. On average, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date was Friday, September 19th. This is a positive change 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%. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

VST has been the subject of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Cowen initiated coverage on Vistra in a research report on Wednesday. They issued a “buy” rating for the company. BMO Capital Markets lifted their price target on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Scotiabank initiated coverage on Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $229.31.

Insider Activity

In related news, CEO James A. Burke sold 21,355 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total value of $4,595,809.55. Following the completion of the sale, the chief executive officer owned 282,597 shares in the company, valued at approximately $60,817,700.37. The trade was a 7.03% 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. Insiders sold a total of 590,228 shares of company stock valued at $121,653,740 in the last ninety days. 1.42% of the stock is currently owned by insiders.

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.