BNC Wealth Management LLC Invests $3.50 Million in Vistra Corp. $VST

BNC Wealth Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,852 shares of the company’s stock, valued at approximately $3,498,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kirr Marbach & Co. LLC IN boosted its holdings in shares of Vistra by 0.9% in the second quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock valued at $32,698,000 after purchasing an additional 1,535 shares during the period. ELCO Management Co. LLC bought a new position in shares of Vistra during the second quarter valued at approximately $499,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Vistra in the second quarter worth approximately $292,000. Peak Financial Advisors LLC purchased a new stake in Vistra during the second quarter worth $547,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Vistra by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after acquiring an additional 35,444 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VST has been the topic of a number of recent research reports. Scotiabank initiated coverage on Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research report on Monday, December 15th. Evercore ISI upped their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Jefferies Financial Group reissued a “hold” rating and set a $230.00 target price (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, BMO Capital Markets upped their price target on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $232.40.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 41,426 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $201.32, for a total value of $8,339,882.32. Following the completion of the transaction, the chief executive officer directly owned 246,522 shares of the company’s stock, valued at approximately $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 699,743 shares of company stock worth $136,926,878. 1.42% of the stock is owned by corporate insiders.

Vistra Price Performance

Shares of NYSE VST opened at $162.85 on Friday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The business’s 50 day moving average price is $181.63 and its 200 day moving average price is $190.00. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The firm has a market cap of $55.18 billion, a P/E ratio of 58.79, a P/E/G ratio of 2.81 and a beta of 1.39.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. On average, sell-side analysts expect that Vistra Corp. will post 7 earnings per share 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 paid a dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is 32.49%.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.