Cullen Frost Bankers Inc. Has $175,000 Stock Position in Vistra Corp. $VST

Cullen Frost Bankers Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 904 shares of the company’s stock after buying an additional 84 shares during the period. Cullen Frost Bankers Inc.’s holdings in Vistra were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Verdence Capital Advisors LLC increased its position in Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after purchasing an additional 71 shares during the last quarter. Red Mountain Financial LLC raised its stake in shares of Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC raised its stake in shares of Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after acquiring an additional 76 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after acquiring an additional 78 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 19,612 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $188.30, for a total value of $3,692,939.60. Following the completion of the sale, the chief executive officer owned 292,642 shares in the company, valued at approximately $55,104,488.60. This trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 654,583 shares of company stock valued at $134,542,882. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

Shares of VST stock opened at $201.62 on Friday. The stock has a 50 day moving average of $199.45 and a two-hundred day moving average of $178.94. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market capitalization of $68.31 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.86 and a beta of 1.33.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 14.35%.

Wall Street Analyst Weigh In

VST has been the topic of a number of recent analyst reports. Cowen assumed coverage on Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Morgan Stanley increased their target price on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price for the company. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group increased their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $229.31.

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.