Pinkerton Wealth LLC Takes $2.96 Million Position in Vistra Corp. $VST

Pinkerton Wealth LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,263 shares of the company’s stock, valued at approximately $2,958,000.

Several other large investors have also added to or reduced their stakes in VST. Harbour Investments Inc. increased its position in shares of Vistra by 53.8% during the first quarter. Harbour Investments Inc. now owns 1,860 shares of the company’s stock valued at $218,000 after buying an additional 651 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Vistra in the first quarter valued at approximately $222,000. US Bancorp DE grew its stake in Vistra by 12.5% during the first quarter. US Bancorp DE now owns 24,517 shares of the company’s stock valued at $2,879,000 after acquiring an additional 2,731 shares in the last quarter. Moors & Cabot Inc. grew its stake in Vistra by 59.2% during the first quarter. Moors & Cabot Inc. now owns 4,005 shares of the company’s stock valued at $470,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Commerce Bank increased its holdings in Vistra by 1.9% during the 1st quarter. Commerce Bank now owns 9,626 shares of the company’s stock worth $1,130,000 after acquiring an additional 177 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VST shares. KeyCorp initiated coverage on shares of Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target for the company. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Wells Fargo & Company initiated coverage on Vistra in a report on Monday, October 27th. They issued an “overweight” rating and a $238.00 price target on the stock. Finally, Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $233.20.

Vistra Price Performance

Shares of Vistra stock opened at $173.68 on Tuesday. The firm has a market capitalization of $58.85 billion, a PE ratio of 62.70, a price-to-earnings-growth ratio of 3.08 and a beta of 1.39. 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 12 month low of $90.51 and a 12 month high of $219.82. The business’s 50-day moving average price is $191.03 and its 200-day moving average price is $189.40.

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

Vistra Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the sale, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. The trade was a 21.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 868,339 shares of company stock valued at $173,242,584. 1.42% of the stock is currently owned by 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.