Everpar Advisors LLC Makes New Investment in Vistra Corp. $VST

Everpar Advisors LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,279 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after buying an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Vistra in the 1st quarter valued at about $341,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Vistra in the 1st quarter valued at about $432,000. Envestnet Asset Management Inc. lifted its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after buying an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock valued at $230,000 after buying an additional 224 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Melius assumed coverage on Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective for the company. BMO Capital Markets boosted their price objective on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Jefferies Financial Group boosted their price objective on Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a report on Friday, August 8th. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.43.

Insider Activity

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 105,402 shares of company stock worth $21,742,629 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Vistra Stock Down 2.0%

Shares of NYSE VST opened at $209.22 on Wednesday. The stock has a market cap of $70.89 billion, a P/E ratio of 33.37, a PEG ratio of 3.34 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $88.89 and a 12-month high of $217.90. The business’s fifty day simple moving average is $197.31 and its 200-day simple moving average is $162.77.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s dividend payout ratio is 14.35%.

Vistra Company 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.