1,135 Shares in Vistra Corp. $VST Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,135 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Bridgewater Advisors Inc. increased its holdings in shares of Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after acquiring an additional 67 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after acquiring an additional 71 shares in the last quarter. Fogel Capital Management Inc. boosted its stake in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after purchasing an additional 72 shares during the last quarter. Red Mountain Financial LLC raised its stake in shares of Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after purchasing an additional 74 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after purchasing an additional 75 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

VST has been the subject of several research analyst reports. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Evercore ISI upped their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Daiwa Capital Markets raised shares of 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. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $234.36.

Vistra Trading Down 3.2%

VST stock opened at $168.28 on Monday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The business has a 50 day simple moving average of $195.37 and a two-hundred day simple moving average of $188.22. The company has a market capitalization of $57.02 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 2.11 and a beta of 1.30.

Vistra (NYSE:VST) last released its earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. Research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 32.49%.

Insiders Place Their Bets

In other news, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares in the company, valued at $38,137,265.25. The trade was a 21.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 860,120 shares of company stock valued at $171,817,820 in the last three months. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.