Resonant Capital Advisors LLC Acquires 5,266 Shares of Vistra Corp. $VST

Resonant Capital Advisors LLC increased its holdings in shares of Vistra Corp. (NYSE:VST) by 417.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,527 shares of the company’s stock after purchasing an additional 5,266 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Vistra were worth $1,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meitav Investment House Ltd. bought a new stake in Vistra during the 3rd quarter worth about $346,000. Maryland State Retirement & Pension System grew its holdings in shares of Vistra by 1.3% in the 3rd quarter. Maryland State Retirement & Pension System now owns 16,664 shares of the company’s stock valued at $3,265,000 after acquiring an additional 221 shares in the last quarter. McBroom & Associates LLC increased its position in shares of Vistra by 61.7% in the third quarter. McBroom & Associates LLC now owns 34,975 shares of the company’s stock valued at $6,852,000 after acquiring an additional 13,345 shares during the last quarter. Hartline Investment Corp bought a new stake in Vistra during the third quarter worth about $5,481,000. Finally, Consolidated Investment Group LLC acquired a new position in Vistra during the third quarter valued at approximately $1,371,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the transaction, the executive vice president owned 79,854 shares in the company, valued at approximately $13,842,690.90. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 257,624 shares of company stock valued at $46,385,682. 1.42% of the stock is currently owned by insiders.

Vistra Stock Down 7.4%

VST opened at $166.93 on Monday. The stock’s fifty day simple moving average is $169.20 and its 200 day simple moving average is $187.87. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The stock has a market cap of $56.56 billion, a PE ratio of 60.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last released its quarterly earnings data 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 analyst estimates of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. As a group, research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a $0.227 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 32.85%.

Wall Street Analyst Weigh In

VST has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. UBS Group raised their target price on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Evercore ISI boosted their target price on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Morgan Stanley reiterated an “overweight” rating and issued a $228.00 price target on shares of Vistra in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $239.40.

About Vistra

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.