Whalen Wealth Management Inc. Acquires New Holdings in Vistra Corp. $VST

Whalen Wealth Management Inc. acquired a new position in Vistra Corp. (NYSE:VST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,080 shares of the company’s stock, valued at approximately $799,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgewater Advisors Inc. increased its stake in shares of Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after acquiring an additional 67 shares during the period. Verdence Capital Advisors LLC increased its position in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after purchasing an additional 71 shares during the period. Fogel Capital Management Inc. raised its stake in shares of Vistra by 0.9% in the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after buying an additional 72 shares in the last quarter. Red Mountain Financial LLC boosted its stake in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after buying an additional 74 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after acquiring an additional 75 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $166.33 on Friday. The company has a market capitalization of $56.36 billion, a price-to-earnings ratio of 60.05, a P/E/G ratio of 2.76 and a beta of 1.39. Vistra Corp. has a 1-year low of $90.51 and a 1-year 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. The stock’s fifty day simple moving average is $182.31 and its 200-day simple moving average is $189.94.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. On average, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra’s payout ratio is presently 32.49%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 41,426 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $201.32, for a total value of $8,339,882.32. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction on Friday, November 14th. The shares were 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 699,743 shares of company stock worth $136,926,878. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company started coverage on shares of Vistra in a research report on Monday, October 27th. They set an “overweight” rating and a $238.00 price objective for the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Cowen began coverage on Vistra in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research report on Monday. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $232.40.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.