14,704 Shares in Vistra Corp. $VST Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 14,704 shares of the company’s stock, valued at approximately $2,333,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vistra during the 4th quarter worth $746,729,000. Capital World Investors purchased a new position in shares of Vistra in the 4th quarter valued at about $574,499,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistra in the second quarter valued at about $381,938,000. Rubric Capital Management LP acquired a new stake in shares of Vistra in the fourth quarter valued at about $322,660,000. Finally, Amundi boosted its holdings in Vistra by 72.3% during the fourth quarter. Amundi now owns 1,949,568 shares of the company’s stock worth $314,524,000 after buying an additional 817,876 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the sale, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. The trade was a 25.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on VST. Scotiabank upped their target price on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group set a $206.00 price target on Vistra in a research note on Wednesday, August 12th. Wells Fargo & Company restated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Finally, Morgan Stanley raised their price objective on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $228.56.

Vistra Stock Performance

NYSE VST opened at $146.58 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The business has a fifty day moving average of $154.14 and a 200-day moving average of $156.42. The stock has a market cap of $49.20 billion, a price-to-earnings ratio of 24.76 and a beta of 1.41.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, analysts predict that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.