Sage Mountain Advisors LLC Acquires New Holdings in Vistra Corp. $VST

Sage Mountain Advisors LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,160 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also added to or reduced their stakes in VST. Banque Transatlantique SA raised its holdings in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. raised its holdings in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter valued at approximately $34,000. WPG Advisers LLC bought a new position in Vistra during the 1st quarter worth approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra during the 1st quarter worth approximately $39,000. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 19,612 shares of Vistra stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total value of $3,692,939.60. Following the completion of the sale, the chief executive officer owned 292,642 shares of the company’s stock, valued at approximately $55,104,488.60. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 654,583 shares of company stock valued at $134,542,882. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $201.62 on Monday. The company has a market cap of $68.31 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. 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 firm has a 50 day moving average of $199.45 and a 200-day moving average of $179.36.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 14.35%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VST. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. Cowen began coverage on shares of Vistra in a report on Wednesday, October 15th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $229.31.

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.