SummitTX Capital L.P. Purchases 25,573 Shares of Vistra Corp. $VST

SummitTX Capital L.P. lifted its position in Vistra Corp. (NYSE:VST) by 86.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,267 shares of the company’s stock after buying an additional 25,573 shares during the period. SummitTX Capital L.P.’s holdings in Vistra were worth $8,308,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Equitable Holdings Inc. grew its holdings in Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of Vistra by 21.7% during the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock valued at $59,000 after purchasing an additional 65 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after purchasing an additional 65 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Vistra by 2.9% in the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock worth $389,000 after purchasing an additional 68 shares in the last quarter. Finally, Outlook Wealth Advisors LLC grew its stake in Vistra by 4.9% during the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock worth $227,000 after buying an additional 70 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $163.15 on Monday. The business’s 50 day moving average price is $156.05 and its 200 day moving average price is $158.44. The firm has a market cap of $55.01 billion, a P/E ratio of 27.33 and a beta of 1.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, sell-side analysts expect that Vistra Corp. will post 9.52 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.229 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio is currently 15.41%.

Insider Buying and Selling

In other Vistra news, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This trade represents a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last quarter. 0.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research analyst reports. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. TD Cowen cut their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Seaport Research Partners reissued a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $230.62.

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.