IFP Advisors Inc Buys 4,066 Shares of Vistra Corp. $VST

IFP Advisors Inc increased its stake in shares of Vistra Corp. (NYSE:VST) by 6.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,197 shares of the company’s stock after buying an additional 4,066 shares during the period. IFP Advisors Inc’s holdings in Vistra were worth $11,453,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vistra in the 4th quarter worth approximately $30,000. Strive Financial Group LLC purchased a new position in Vistra in the fourth quarter valued at approximately $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new position in Vistra in the fourth quarter valued at approximately $35,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.7%

Vistra stock opened at $151.80 on Wednesday. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The firm has a market capitalization of $50.95 billion, a price-to-earnings ratio of 25.64 and a beta of 1.40. 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 50 day simple moving average of $148.98 and a 200 day simple moving average of $154.40.

Vistra (NYSE:VST) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. On average, analysts predict that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is currently 15.54%.

Insider Buying and Selling

In other Vistra news, Director Scott Helm sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. The trade was a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,988 shares of company stock worth $5,178,427. Company insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent research reports. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Zacks Research cut Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Scotiabank increased their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Wells Fargo & Company reiterated an “overweight” rating and set a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $223.53.

Vistra 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.