Legacy CG LLC Buys 23,335 Shares of Vistra Corp. $VST

Legacy CG LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,335 shares of the company’s stock, valued at approximately $3,228,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Vistra in the 2nd quarter valued at $4,610,496,000. State Street Corp increased its position in shares of Vistra by 0.5% during the 2nd quarter. State Street Corp now owns 16,850,452 shares of the company’s stock worth $2,672,987,000 after purchasing an additional 79,972 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vistra by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock worth $516,616,000 after purchasing an additional 32,982 shares during the last quarter. Bank of America Corp DE purchased a new stake in Vistra in the 2nd quarter valued at about $468,354,000. Finally, Bank of New York Mellon Corp purchased a new stake in Vistra in the 2nd quarter valued at about $381,938,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, CEO James A. Burke bought 4,465 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $135.25 per share, with a total value of $603,891.25. Following the transaction, the chief executive officer directly owned 1,146,352 shares in the company, valued at $155,044,108. The trade was a 0.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Hudson sold 44,444 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the sale, the executive vice president owned 331,137 shares in the company, valued at $50,273,219.34. This trade represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research report on Wednesday, August 12th. Wells Fargo & Company dropped their price target on shares of Vistra from $212.00 to $198.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Weiss Ratings downgraded shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Bank of America decreased their price objective on shares of Vistra from $196.00 to $194.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Finally, TD Cowen lowered their price objective on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.43.

Vistra Trading Up 3.8%

Shares of NYSE VST opened at $139.66 on Wednesday. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $196.80. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The stock has a fifty day simple moving average of $145.11 and a 200-day simple moving average of $153.38. The stock has a market capitalization of $46.88 billion, a PE ratio of 23.59 and a beta of 1.37.

Vistra (NYSE:VST) last posted its quarterly earnings data 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). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. On average, equities analysts forecast that Vistra Corp. will post 9.19 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be given a $0.2310 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.92 annualized dividend and a yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 15.54%.

Vistra Company Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.