1,118 Shares in Vistra Corp. $VST Bought by Sunburst Financial Group LLC

Sunburst Financial Group LLC purchased a new position in Vistra Corp. (NYSE:VST) in the second quarter, Holdings Channel.com reports. The firm purchased 1,118 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also bought and sold shares of VST. Milestone Asset Management LLC purchased a new stake in shares of Vistra in the second quarter worth about $4,060,000. NewSquare Capital LLC grew its holdings in Vistra by 65.9% during the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $41,000 after buying an additional 85 shares in the last quarter. Rockline Wealth Management LLC increased its stake in Vistra by 10.7% in the 2nd quarter. Rockline Wealth Management LLC now owns 10,405 shares of the company’s stock worth $2,017,000 after acquiring an additional 1,004 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after acquiring an additional 67 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. raised its holdings in shares of Vistra by 76.4% during the 2nd quarter. Peregrine Asset Advisers Inc. now owns 24,204 shares of the company’s stock worth $4,691,000 after acquiring an additional 10,483 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $193.05 on Tuesday. The company has a 50 day moving average price of $199.56 and a 200-day moving average price of $183.16. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a market capitalization of $65.41 billion, a PE ratio of 30.79, a P/E/G ratio of 2.67 and a beta of 1.30.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities 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. Investors of record on Monday, December 22nd will be issued a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio is 14.35%.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred 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 directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 723,910 shares of company stock worth $148,086,569 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VST. BMO Capital Markets upped their price objective on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Wells Fargo & Company began coverage on shares of Vistra in a report on Monday, October 27th. They issued an “overweight” rating and a $238.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vistra in a report on Thursday, October 30th. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. Finally, Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $229.93.

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.