Wealthfront Advisers LLC Buys Shares of 73,434 Vistra Corp. $VST

Wealthfront Advisers LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 73,434 shares of the company’s stock, valued at approximately $11,649,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OFC Financial Planning LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at approximately $817,000. Deepwater Asset Management LLC purchased a new position in Vistra in the second quarter worth approximately $7,327,000. Aljian Capital Management LLC acquired a new stake in Vistra during the second quarter worth $1,055,000. Energy Income Partners LLC acquired a new stake in Vistra during the second quarter worth $75,698,000. Finally, K2 Principal Fund L.P. purchased a new stake in Vistra in the second quarter valued at $1,917,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on VST shares. The Goldman Sachs Group set a $206.00 price target on Vistra in a research note on Wednesday, August 12th. BNP Paribas Exane set a $255.00 price objective on Vistra in a research report on Wednesday. Zacks Research upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Raymond James Financial set a $208.00 target price on shares of Vistra in a research note on Monday, April 27th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $226.00.

Insider Buying and Selling at Vistra

In other news, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. This trade represents a 32.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,588 shares of company stock worth $6,739,227 over the last ninety days. Company insiders own 0.92% of the company’s stock.

Vistra Price Performance

VST stock opened at $142.44 on Thursday. The business’s fifty day moving average price is $154.10 and its 200 day moving average price is $156.11. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $47.81 billion, a PE ratio of 24.06 and a beta of 1.41.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, sell-side analysts anticipate that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s dividend payout ratio is currently 15.54%.

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.