Global Retirement Partners LLC Acquires Shares of 6,976 Vistra Corp. $VST

Global Retirement Partners LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent filing with the SEC. The fund bought 6,976 shares of the company’s stock, valued at approximately $1,107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VST. Empowered Funds LLC grew its holdings in Vistra by 24.1% during the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after purchasing an additional 3,920 shares during the period. Woodline Partners LP increased its position in Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after buying an additional 8,312 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after buying an additional 2,125 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Vistra in the second quarter valued at $269,000. Finally, Slocum Gordon & Co LLP lifted its position in shares of Vistra by 20.0% during the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after buying an additional 200 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VST has been the subject of several recent research reports. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $228.56.

Vistra Trading Down 1.0%

Shares of Vistra stock opened at $146.58 on Tuesday. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The company has a market cap of $49.20 billion, a price-to-earnings ratio of 24.76 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company’s 50-day moving average price is $154.14 and its 200-day moving average price is $156.42.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. On average, equities analysts expect that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio (DPR) is 15.54%.

Insiders Place Their Bets

In related news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. 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 worth $6,739,227 over the last three months. Corporate insiders own 0.92% of the company’s stock.

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.