GLOBALT Investments LLC GA Boosts Stock Position in Vistra Corp. $VST

GLOBALT Investments LLC GA boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,360 shares of the company’s stock after purchasing an additional 322 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Vistra were worth $1,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. Banque Transatlantique SA increased its holdings in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. increased its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Keener Financial Planning LLC bought a new stake in shares of Vistra in the 1st quarter valued at approximately $34,000. WPG Advisers LLC bought a new stake in shares of Vistra in the 1st quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Vistra in the 1st quarter valued at approximately $39,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 5.4%

NYSE:VST opened at $201.62 on Friday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm has a market capitalization of $68.31 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.72 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. The business has a 50 day simple moving average of $199.45 and a 200 day simple moving average of $178.41.

Vistra (NYSE:VST) last released its quarterly earnings data 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 net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was 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. The trade was a 16.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 654,583 shares of company stock worth $134,542,882. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Vistra in a report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $229.31.

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.