AE Wealth Management LLC Buys Shares of 10,408 Vistra Corp. (NYSE:VST)

AE Wealth Management LLC bought a new stake in Vistra Corp. (NYSE:VSTGet Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,408 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Vistra by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,604,079 shares of the company’s stock worth $1,106,795,000 after buying an additional 1,023,500 shares during the period. FMR LLC boosted its position in shares of Vistra by 24.2% during the second quarter. FMR LLC now owns 29,685,750 shares of the company’s stock worth $678,320,000 after buying an additional 5,786,238 shares during the period. BlackRock Inc. boosted its position in shares of Vistra by 2.3% during the first quarter. BlackRock Inc. now owns 23,939,759 shares of the company’s stock worth $556,597,000 after buying an additional 534,299 shares during the period. Clearbridge Investments LLC boosted its position in shares of Vistra by 2.4% during the first quarter. Clearbridge Investments LLC now owns 4,196,427 shares of the company’s stock worth $97,567,000 after buying an additional 97,349 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vistra by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,189,823 shares of the company’s stock worth $74,164,000 after buying an additional 172,078 shares during the period. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

VST opened at $21.50 on Thursday. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of -20.87 and a beta of 0.95. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.10 and a quick ratio of 1.05. Vistra Corp. has a 1-year low of $20.26 and a 1-year high of $27.39. The business has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $23.57.

Vistra (NYSE:VSTGet Rating) last released its earnings results on Friday, November 4th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.24). The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Vistra had a positive return on equity of 44.82% and a negative net margin of 1.94%. Research analysts predict that Vistra Corp. will post 1.12 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Tuesday, December 20th were given a $0.193 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.59%. This is an increase from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, December 19th. Vistra’s dividend payout ratio is -74.76%.

Insiders Place Their Bets

In other Vistra news, insider Brookfield Asset Management In sold 2,135,176 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $24.09, for a total value of $51,436,389.84. Following the transaction, the insider now owns 13,281,712 shares of the company’s stock, valued at $319,956,442.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Vistra news, insider Brookfield Asset Management In sold 2,135,176 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $24.09, for a total value of $51,436,389.84. Following the transaction, the insider now owns 13,281,712 shares of the company’s stock, valued at $319,956,442.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott B. Helm purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was bought at an average cost of $23.39 per share, for a total transaction of $233,900.00. Following the acquisition, the director now directly owns 323,201 shares of the company’s stock, valued at approximately $7,559,671.39. The disclosure for this purchase can be found here. Insiders bought 30,000 shares of company stock worth $701,200 over the last ninety days. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reduced their price objective on Vistra from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, November 11th.

About Vistra

(Get Rating)

Vistra Corp. is an energy company engaged in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial, and industrial customers. The Texas and East segments engage in electricity generation, wholesale energy sales and purchases, commodity risk management activities, fuel production and fuel logistics management.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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