Vistra Corp. $VST Stake Boosted by Cornerstone Advisory LLC

Cornerstone Advisory LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 179.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,169 shares of the company’s stock after purchasing an additional 6,536 shares during the period. Cornerstone Advisory LLC’s holdings in Vistra were worth $1,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra in the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Vistra during the 4th quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Vistra during the 4th quarter valued at about $30,000. Triumph Capital Management acquired a new stake in shares of Vistra during the 3rd quarter valued at about $38,000. Finally, Strive Asset Management LLC bought a new stake in shares of Vistra in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 0.2%

VST opened at $158.47 on Wednesday. The business has a 50 day moving average price of $153.98 and a 200 day moving average price of $158.52. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The firm has a market cap of $53.43 billion, a P/E ratio of 26.55 and a beta of 1.40.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Research analysts forecast that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.229 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.41%.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating and issued a $210.00 price objective on shares of Vistra in a report on Wednesday, June 24th. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. Seaport Research Partners restated a “buy” rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $230.31.

Insider Activity

In related news, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 in the last quarter. 0.92% of the stock is currently owned by corporate insiders.

Vistra Company 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.