Geneos Wealth Management Inc. Buys 879 Shares of Vistra Corp. $VST

Geneos Wealth Management Inc. boosted its position in shares of Vistra Corp. (NYSE:VST) by 151.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,460 shares of the company’s stock after acquiring an additional 879 shares during the period. Geneos Wealth Management Inc.’s holdings in Vistra were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC increased its stake in Vistra by 2.0% during the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company’s stock valued at $493,000 after acquiring an additional 83 shares during the period. Oak Grove Capital LLC increased its stake in Vistra by 0.5% during the first quarter. Oak Grove Capital LLC now owns 19,760 shares of the company’s stock valued at $2,321,000 after acquiring an additional 90 shares during the period. Sunbelt Securities Inc. increased its stake in Vistra by 1.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock valued at $898,000 after acquiring an additional 98 shares during the period. Dynasty Wealth Management LLC increased its stake in Vistra by 4.9% during the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company’s stock valued at $266,000 after acquiring an additional 105 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Vistra by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company’s stock valued at $4,923,000 after acquiring an additional 119 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 105,402 shares of company stock worth $21,742,629. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Down 2.0%

NYSE VST opened at $209.22 on Wednesday. The firm has a market cap of $70.89 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33. Vistra Corp. has a one year low of $88.89 and a one year high of $217.90. The stock’s 50 day simple moving average is $197.31 and its 200 day simple moving average is $162.77. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, sell-side analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.4%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VST. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. BMO Capital Markets upped their price objective on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Raymond James Financial assumed coverage on Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.43.

Vistra Company 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.