Allworth Financial LP Grows Holdings in Vistra Corp. $VST

Allworth Financial LP increased its position in Vistra Corp. (NYSE:VST) by 27.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002 shares of the company’s stock after purchasing an additional 430 shares during the period. Allworth Financial LP’s holdings in Vistra were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Banque Transatlantique SA increased its stake in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the period. City State Bank grew its holdings in shares of Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the last quarter. Keener Financial Planning LLC purchased a new position in Vistra in the 1st quarter worth about $34,000. WPG Advisers LLC bought a new stake in Vistra during the 1st quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in Vistra during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 745,845 shares of company stock worth $152,178,104 over the last quarter. Company insiders own 1.42% of the company’s stock.

Vistra Trading Up 1.6%

Vistra stock opened at $174.37 on Monday. The stock has a 50-day moving average price of $198.04 and a 200 day moving average price of $187.02. The company has a market capitalization of $59.08 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. UBS Group raised their price target on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings cut shares of Vistra from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday. Finally, Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $234.21.

About Vistra

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.