Vistra Corp. $VST Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC grew its stake in Vistra Corp. (NYSE:VST) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,431 shares of the company’s stock after purchasing an additional 20,636 shares during the period. NewEdge Wealth LLC owned about 0.13% of Vistra worth $70,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Vistra during the 2nd quarter worth about $4,610,496,000. Norges Bank acquired a new stake in shares of Vistra during the 4th quarter valued at about $746,729,000. Fifth Third Bancorp increased its stake in shares of Vistra by 95.1% in the 1st 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. Payden & Rygel increased its stake in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the 4th quarter worth about $29,875,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of a number of recent analyst reports. BNP Paribas Exane set a $255.00 price target on Vistra in a research report on Wednesday. Zacks Research upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Raymond James Financial set a $208.00 price target on shares of Vistra in a research note on Monday, April 27th. Wells Fargo & Company reissued an “overweight” rating and issued a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $226.00.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the sale, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at $2,368,825.60. The trade was a 25.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 in the last 90 days. 0.92% of the stock is owned by company insiders.

Vistra Price Performance

NYSE:VST opened at $142.44 on Thursday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The stock has a 50 day moving average of $154.10 and a two-hundred day moving average of $156.11. 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 firm has a market cap of $47.81 billion, a P/E ratio of 24.06 and a beta of 1.41.

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

Vistra Increases Dividend

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

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.