Cromwell Holdings LLC Purchases 399 Shares of Vistra Corp. $VST

Cromwell Holdings LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 58.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,079 shares of the company’s stock after purchasing an additional 399 shares during the period. Cromwell Holdings LLC’s holdings in Vistra were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VST. NBC Securities Inc. bought a new position in shares of Vistra in the first quarter worth about $124,000. Merit Financial Group LLC bought a new position in shares of Vistra in the first quarter worth about $583,000. Channel Wealth LLC bought a new position in shares of Vistra in the first quarter worth about $249,000. Grassi Investment Management raised its stake in shares of Vistra by 349.5% in the first quarter. Grassi Investment Management now owns 12,475 shares of the company’s stock worth $1,465,000 after acquiring an additional 9,700 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new position in shares of Vistra in the first quarter worth about $264,000. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price objective on the stock. Melius initiated coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, September 17th. Finally, Morgan Stanley increased their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $223.71.

Vistra Stock Up 0.6%

Shares of VST stock opened at $202.78 on Friday. The firm has a fifty day moving average of $200.37 and a 200-day moving average of $169.53. The company has a quick ratio of 0.80, a current ratio of 0.90 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. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 3.01 and a beta of 1.33.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is 14.35%.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 358,274 shares of company stock valued at $73,886,457 over the last ninety days. 1.42% of the stock is currently owned by company insiders.

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.