Kingsview Wealth Management LLC Buys Shares of 4,626 Vistra Corp. $VST

Kingsview Wealth Management LLC bought a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, Holdings Channel.com reports. The fund bought 4,626 shares of the company’s stock, valued at approximately $734,000.

Several other hedge funds also recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after purchasing an additional 3,920 shares during the last quarter. Woodline Partners LP raised its holdings in Vistra by 40.7% during the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after buying an additional 8,312 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after buying an additional 2,125 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Vistra during the 2nd quarter worth about $269,000. Finally, Slocum Gordon & Co LLP raised its stake in shares of Vistra by 20.0% in the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,588 shares of company stock valued at $5,914,427. 0.92% of the stock is currently owned by insiders.

Vistra Trading Up 0.1%

Shares of VST stock opened at $137.16 on Monday. 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 firm has a fifty day moving average of $151.62 and a 200-day moving average of $155.50. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The stock has a market cap of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. On average, equities research analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in 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 research note on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Zacks Research downgraded Vistra from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Mizuho initiated coverage on Vistra in a report on Monday, August 24th. They set an “outperform” rating and a $169.00 price target for the company. Finally, Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.53.

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.