Jones Financial Companies Lllp Buys 4,037 Shares of Vistra Corp. $VST

Jones Financial Companies Lllp increased its position in Vistra Corp. (NYSE:VST) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,221 shares of the company’s stock after buying an additional 4,037 shares during the period. Jones Financial Companies Lllp’s holdings in Vistra were worth $17,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Financial Advisors acquired a new position in shares of Vistra during the second quarter worth approximately $75,000. Brigade Capital Management LP bought a new stake in Vistra during the 2nd quarter valued at $8,122,000. Partners Capital Investment Group LLP increased its stake in Vistra by 76.8% during the 2nd quarter. Partners Capital Investment Group LLP now owns 4,332 shares of the company’s stock valued at $687,000 after purchasing an additional 1,882 shares in the last quarter. Whalen Wealth Management Inc. raised its holdings in Vistra by 15.2% during the second quarter. Whalen Wealth Management Inc. now owns 2,445 shares of the company’s stock worth $388,000 after buying an additional 323 shares during the last quarter. Finally, Ally Financial Inc. bought a new position in Vistra in the 2nd quarter valued at about $952,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

Shares of NYSE VST opened at $135.74 on Tuesday. The stock’s 50-day moving average is $153.38 and its 200 day moving average is $155.72. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 22.93 and a beta of 1.41. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, sell-side analysts anticipate that Vistra Corp. will post 9.23 EPS 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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.54%.

Insider Buying and Selling

In related news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director directly owned 70,714 shares in the company, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock valued at $6,739,227 over the last quarter. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VST shares. JPMorgan Chase & Co. decreased their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. TD Cowen dropped their price target on Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and an average price target of $223.53.

Vistra 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.