Rehmann Capital Advisory Group Purchases Shares of 1,619 Vistra Corp. $VST

Rehmann Capital Advisory Group purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,619 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors have also added to or reduced their stakes in VST. Oppenheimer Asset Management Inc. grew its holdings in Vistra by 55.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,588 shares of the company’s stock valued at $891,000 after buying an additional 2,721 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Vistra by 2.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company’s stock worth $15,920,000 after purchasing an additional 3,412 shares during the period. Spire Wealth Management boosted its holdings in shares of Vistra by 6.6% in the 1st quarter. Spire Wealth Management now owns 7,603 shares of the company’s stock worth $893,000 after purchasing an additional 469 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock worth $47,000 after purchasing an additional 381 shares during the period. Finally, KPP Advisory Services LLC boosted its holdings in shares of Vistra by 15.8% in the 1st quarter. KPP Advisory Services LLC now owns 2,432 shares of the company’s stock worth $286,000 after purchasing an additional 332 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VST shares. TD Cowen started coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. Scotiabank started coverage on Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 target price (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Vistra has a consensus rating of “Buy” and a consensus price target of $229.31.

Vistra Price Performance

VST opened at $201.62 on Friday. The business has a fifty day moving average of $199.45 and a 200 day moving average of $178.41. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The stock has a market cap of $68.31 billion, a P/E ratio of 32.16, a PEG ratio of 2.72 and a beta of 1.33.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced 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 of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s dividend payout ratio is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 19,612 shares of Vistra stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $188.30, for a total transaction of $3,692,939.60. Following the completion of the sale, the chief executive officer directly owned 292,642 shares of the company’s stock, valued at $55,104,488.60. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 654,583 shares of company stock worth $134,542,882. Insiders own 1.42% of the company’s stock.

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.