SteelPeak Wealth LLC Has $2.60 Million Position in Vistra Corp. $VST

SteelPeak Wealth LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 45.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,248 shares of the company’s stock after selling 11,202 shares during the period. SteelPeak Wealth LLC’s holdings in Vistra were worth $2,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VST. Banque Transatlantique SA increased its position in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Vistra in the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Vistra in the 2nd quarter valued at approximately $28,000. Anfield Capital Management LLC acquired a new stake in Vistra during the 2nd quarter worth approximately $29,000. Finally, City State Bank boosted its position in Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VST shares. Scotiabank began coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective on the stock. Cowen began coverage on shares of Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. TD Cowen started coverage on shares of Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Evercore ISI boosted their target price on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $232.40.

Vistra Trading Up 2.4%

NYSE VST opened at $165.20 on Friday. The firm has a market capitalization of $55.97 billion, a P/E ratio of 59.64, a PEG ratio of 1.65 and a beta of 1.39. The business has a fifty day simple moving average of $174.13 and a 200 day simple moving average of $189.23. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. 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 posted its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for 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%. On average, analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 32.49%.

Insider Activity

In other Vistra news, CEO James A. Burke sold 41,426 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the completion of the transaction, the chief executive officer directly owned 246,522 shares of the company’s stock, valued at approximately $49,629,809.04. This represents a 14.39% 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 the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 510,945 shares of company stock valued at $98,584,693 over the last three months. Corporate insiders own 1.42% 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.