Oppenheimer Asset Management Inc. Purchases New Holdings in Vistra Corp. $VST

Oppenheimer Asset Management Inc. purchased a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,303 shares of the company’s stock, valued at approximately $683,000.

Other hedge funds also recently modified their holdings of the company. Equitable Holdings Inc. increased its position in shares of Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. lifted its position in Vistra by 3.8% in the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after purchasing an additional 65 shares during the period. Rothschild Investment LLC boosted its stake in Vistra by 2.9% during the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock worth $389,000 after buying an additional 68 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake in Vistra by 4.9% during the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock worth $227,000 after buying an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its holdings in Vistra by 0.5% in the 4th quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after buying an additional 73 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 1.0%

Shares of NYSE VST opened at $146.58 on Tuesday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The business has a fifty day moving average of $154.14 and a two-hundred day moving average of $156.42. The stock has a market cap of $49.20 billion, a PE ratio of 24.76 and a beta of 1.41.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last three months. 0.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VST shares. UBS Group reduced their price objective on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Seaport Research Partners restated a “buy” rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $228.56.

About Vistra

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.