AlphaStar Capital Management LLC Sells 460 Shares of Vistra Corp. $VST

AlphaStar Capital Management LLC cut its holdings in Vistra Corp. (NYSE:VST) by 9.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,556 shares of the company’s stock after selling 460 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Vistra were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Verdence Capital Advisors LLC increased its stake in shares of Vistra by 2.2% in 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 in the last quarter. Fogel Capital Management Inc. increased its stake in shares of Vistra by 0.9% in the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after buying an additional 72 shares in the last quarter. Red Mountain Financial LLC increased its stake in shares of Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after buying an additional 74 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after buying an additional 75 shares in the last quarter. Finally, Global Financial Private Client LLC increased its stake in shares of Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after buying an additional 76 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.7%

NYSE VST opened at $188.36 on Friday. The stock has a market capitalization of $63.82 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.69 and a beta of 1.33. The stock’s 50 day moving average price is $199.50 and its two-hundred day moving average price is $181.69. 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 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 7th. The company reported $1.01 EPS 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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 9,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $192.30, for a total transaction of $1,853,964.30. Following the sale, the chief executive officer owned 298,967 shares in the company, valued at $57,491,354.10. This represents a 3.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 723,910 shares of company stock worth $148,086,569. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VST. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Morgan Stanley lifted their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. TD Cowen started coverage on Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Jefferies Financial Group restated a “hold” rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Vistra has an average rating of “Buy” and an average price target 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.