Resonant Capital Advisors LLC Increases Stock Holdings in Vistra Corp. $VST

Resonant Capital Advisors LLC increased its stake in shares of Vistra Corp. (NYSE:VST) by 48.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,269 shares of the company’s stock after purchasing an additional 4,327 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Vistra were worth $1,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Vistra in the fourth quarter valued at $746,729,000. Payden & Rygel lifted its holdings in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after acquiring an additional 34,300 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Vistra during the 4th quarter worth about $29,875,000. Legal & General Group Plc boosted its stake in shares of Vistra by 12.2% during the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after purchasing an additional 192,274 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Vistra by 34.4% during the 4th quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after purchasing an additional 48,378 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.5%

VST stock traded down $2.37 during trading on Tuesday, hitting $154.85. The company had a trading volume of 1,081,158 shares, compared to its average volume of 5,044,051. The firm has a market capitalization of $52.21 billion, a P/E ratio of 25.94 and a beta of 1.40. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a 50 day simple moving average of $154.38 and a 200-day simple moving average of $158.74. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, research analysts forecast that Vistra Corp. will post 9.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is presently 15.41%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. dropped their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Raymond James Financial set a $208.00 target price on Vistra in a research note on Monday, April 27th. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $230.31.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 over the last three months. Company insiders own 0.92% of the company’s stock.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.