CreativeOne Wealth LLC Purchases 3,548 Shares of Vistra Corp. $VST

CreativeOne Wealth LLC increased its position in shares of Vistra Corp. (NYSE:VST) by 78.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,075 shares of the company’s stock after purchasing an additional 3,548 shares during the quarter. CreativeOne Wealth LLC’s holdings in Vistra were worth $1,565,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. grew its stake in Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after buying an additional 67 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after acquiring an additional 71 shares during the last quarter. Fogel Capital Management Inc. increased its holdings in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after purchasing an additional 72 shares in the last quarter. Red Mountain Financial LLC raised its position in Vistra by 3.1% in the 2nd 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 last quarter. Finally, Parallel Advisors LLC raised its position in Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after purchasing an additional 75 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction 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 directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 868,339 shares of company stock valued at $173,242,584 in the last 90 days. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Melius Research upgraded Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, September 17th. Melius initiated coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Finally, Cowen assumed coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Buy” and an average target price of $233.20.

Vistra Stock Performance

Vistra stock opened at $177.14 on Thursday. The company has a market cap of $60.02 billion, a PE ratio of 63.95, a PEG ratio of 2.13 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company’s 50-day moving average is $193.22 and its two-hundred day moving average is $188.63.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 32.49%.

Vistra 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.