Vistra Corp. $VST Stake Lifted by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 0.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,972 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Vistra were worth $2,708,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Vistra by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after buying an additional 11,386 shares in the last quarter. Northern Trust Corp boosted its holdings in Vistra by 1.9% during the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after buying an additional 57,358 shares in the last quarter. Nuveen LLC bought a new stake in Vistra during the first quarter worth approximately $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Vistra by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock worth $172,717,000 after buying an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Vistra by 1.5% during the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock worth $155,920,000 after buying an additional 19,679 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Finally, 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 note on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $229.31.

Vistra Stock Down 3.4%

VST stock opened at $194.42 on Tuesday. Vistra Corp. has a 12-month low of $90.51 and a 12-month 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 company has a market cap of $65.87 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 2.86 and a beta of 1.33. The company has a 50 day moving average of $200.46 and a two-hundred day moving average of $176.99.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $0.226 per share. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. 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 on 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 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 Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 590,228 shares of company stock worth $121,653,740. 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.