Vistra Corp. $VST Shares Purchased by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 33.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,732 shares of the company’s stock after buying an additional 4,704 shares during the period. MGO One Seven LLC’s holdings in Vistra were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Vistra during the 2nd quarter worth approximately $4,610,496,000. Envestnet Asset Management Inc. increased its stake in Vistra by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 258,337 shares of the company’s stock valued at $40,979,000 after purchasing an additional 35,862 shares in the last quarter. Fifth Third Bancorp increased its stake in Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new stake in Vistra in the first quarter worth $10,543,000. Finally, Lazard Asset Management LLC raised its holdings in Vistra by 353.5% in the first quarter. Lazard Asset Management LLC now owns 11,690 shares of the company’s stock worth $1,757,000 after purchasing an additional 9,112 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, EVP Scott Hudson sold 44,444 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the completion of the transaction, the executive vice president directly owned 331,137 shares of the company’s stock, valued at approximately $50,273,219.34. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke purchased 4,465 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the purchase, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at approximately $155,044,108. This represents a 0.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.92% of the company’s stock.

Vistra Trading Up 3.8%

Shares of NYSE:VST opened at $139.66 on Wednesday. The company’s 50-day moving average price is $145.11 and its two-hundred day moving average price is $153.38. Vistra Corp. has a one year low of $132.66 and a one year high of $196.80. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market capitalization of $46.88 billion, a PE ratio of 23.59 and a beta of 1.37.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, equities analysts forecast that Vistra Corp. will post 9.19 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd will be given a dividend of $0.2310 per share. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 22nd. Vistra’s payout ratio is currently 15.54%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. Williams Trading set a $202.00 price target on shares of Vistra in a research report on Friday, October 2nd. UBS Group set a $176.00 price objective on shares of Vistra in a research report on Wednesday, October 21st. Siebert Williams Shank initiated coverage on Vistra in a research note on Friday, October 2nd. They set a “buy” rating and a $202.00 price objective on the stock. Scotiabank reduced their target price on Vistra from $207.00 to $189.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Lake Street Capital set a $194.00 target price on Vistra in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average price target of $202.43.

About Vistra

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.