Exchange Traded Concepts LLC Buys 4,222 Shares of Vistra Corp. $VST

Exchange Traded Concepts LLC grew its position in shares of Vistra Corp. (NYSE:VST) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,582 shares of the company’s stock after acquiring an additional 4,222 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Vistra were worth $14,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bridgewater Advisors Inc. lifted its position in shares of Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after purchasing an additional 53 shares in the last quarter. Y.D. More Investments Ltd grew its position in Vistra by 7.1% in the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares in the last quarter. Equitable Holdings Inc. grew its position in Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares in the last quarter. Ballentine Partners LLC increased its stake in Vistra by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock valued at $642,000 after buying an additional 63 shares during the last quarter. Finally, Wealth Effects LLC increased its stake in Vistra by 1.1% in the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock valued at $1,133,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $155.77 on Friday. The business’s 50 day simple moving average is $161.67 and its 200 day simple moving average is $176.03. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market cap of $52.74 billion, a price-to-earnings ratio of 71.79, a PEG ratio of 0.95 and a beta of 1.42. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last released its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $5.75 billion. Sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 41.94%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and boosted their target price for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Bank of America dropped their price target on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, January 12th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Finally, Wells Fargo & Company reduced their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $236.87.

Vistra Company 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.