Portside Wealth Group LLC Buys Shares of 1,565 Vistra Corp. $VST
Portside Wealth Group LLC acquired 1,565 shares of Vistra Corp. in Q2, valued at $303,000. Other institutional investors also adjusted their holdings. Vistra's stock opened at $179.15, with a market cap of $60.70 billion. The company reported Q3 EPS of $1.75, missing estimates. Vistra increased its quarterly dividend to $0.227. Insider sales included CEO James A. Burke selling 43,074 shares. Analysts raised Vistra's price target from $237 to $243.
Portside Wealth Group LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,565 shares of the company's stock, valued at approximately $303,000.
- 5 Stocks Shaping Tomorrow’s World
Several other institutional investors and hedge funds also recently modified their holdings of VST. Bridgewater Advisors Inc. lifted its holdings in Vistra by 4.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company's stock valued at $333,000 after purchasing an additional 67 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Vistra by 2.2% during the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company's stock valued at $631,000 after buying an additional 71 shares during the period. Fogel Capital Management Inc. boosted its position in Vistra by 0.9% during the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company's stock worth $1,531,000 after acquiring an additional 72 shares during the last quarter. Red Mountain Financial LLC grew its stake in Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after acquiring an additional 74 shares during the period. Finally, Parallel Advisors LLC grew its stake in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.
Vistra Stock Performance
Shares of NYSE:VST opened at $179.15 on Thursday. The business has a 50-day moving average of $196.82 and a two-hundred day moving average of $187.48. The firm has a market capitalization of $60.70 billion, a PE ratio of 64.67, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.
- The 6 Best Energy Stocks to Buy Now
Vistra (NYSE:VST - Get Free Report) last issued its 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). The firm had revenue of $4.97 billion for the quarter, compared to analysts' expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.227 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is currently 32.49%.
Insider Activity
- 2 Strong Utilities Plays With Booming Earnings and Room to Grow
In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on 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 transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the company's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares of the company's stock, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 860,120 shares of company stock valued at $171,817,820. Company insiders own 1.42% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on VST shares. Evercore ISI increased their price target on Vistra from $237.00 to $243.00 and gave the stock an "outperform" rating in a research note on Friday, November 7th. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. BMO Capital Markets upped their price objective 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. Morgan Stanley increased their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a report on Thursday, September 25th. Finally, Scotiabank initiated coverage on shares of Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Vistra currently has an average rating of "Buy" and a consensus price target of $234.21.
View Our Latest Report on Vistra
About Vistra
(Free Report)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.
Read More
- Five stocks we like better than Vistra
- Expert Stock Trading Psychology Tips
- onsemi Places a $6 Billion Bet on Its Own Stock
- How Can Investors Benefit From After-Hours Trading
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
- How to Profit From Value Investing
- End the Year Strong With These 3 Comeback Champions
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Vistra Right Now?
Before you consider Vistra, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vistra wasn't on the list.
While Vistra currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
