Concord Wealth Partners Takes $73,000 Position in Vistra Corp. $VST

Concord Wealth Partners acquired a new stake in Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 377 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds have also modified their holdings of the company. Red Mountain Financial LLC increased its holdings 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 purchasing an additional 74 shares during the period. Parallel Advisors LLC grew its holdings in Vistra by 3.1% during the second 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. Global Financial Private Client LLC grew its holdings in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after acquiring an additional 76 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the period. Finally, Fairvoy Private Wealth LLC grew its holdings in Vistra by 1.4% during the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock worth $1,108,000 after acquiring an additional 79 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Melius began coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $227.58.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 463,350 shares of company stock valued at $95,374,138 in the last quarter. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $209.22 on Tuesday. The company has a market capitalization of $70.89 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.92 and a beta of 1.33. The business’s 50 day moving average is $200.38 and its two-hundred day moving average is $173.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is 14.35%.

About Vistra

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.