Vistra Corp. $VST Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,528 shares of the company’s stock after purchasing an additional 75 shares during the period. Parallel Advisors LLC’s holdings in Vistra were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new stake in shares of Vistra in the second quarter worth approximately $547,000. Modus Advisors LLC increased its holdings in shares of Vistra by 5.9% in the second quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock valued at $4,346,000 after purchasing an additional 1,240 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Vistra by 51.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,644 shares of the company’s stock valued at $900,000 after purchasing an additional 1,570 shares during the last quarter. TrueWealth Advisors LLC increased its holdings in shares of Vistra by 2.7% in the second quarter. TrueWealth Advisors LLC now owns 3,917 shares of the company’s stock valued at $759,000 after purchasing an additional 103 shares during the last quarter. Finally, Doliver Advisors LP increased its holdings in shares of Vistra by 32.2% in the second quarter. Doliver Advisors LP now owns 4,297 shares of the company’s stock valued at $833,000 after purchasing an additional 1,047 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

VST stock opened at $211.08 on Friday. The firm has a market cap of $71.52 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 3.28 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $217.90. The stock has a 50-day simple moving average of $198.11 and a 200-day simple moving average of $164.26.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities analysts predict 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. Stockholders of record on Friday, September 19th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

VST has been the subject of several recent research reports. UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Jefferies Financial Group upped their price target on Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the company an “overweight” rating in a report on Thursday, August 21st. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $210.71.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 148,121 shares of company stock valued at $30,849,036. Insiders own 1.42% of the company’s stock.

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.