Sanctuary Advisors LLC Grows Position in Vistra Corp. $VST

Sanctuary Advisors LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 4.3% during the second quarter, HoldingsChannel reports. The firm owned 113,398 shares of the company’s stock after purchasing an additional 4,687 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vistra were worth $17,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the 4th quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra during the 4th quarter worth about $30,000. Strive Financial Group LLC acquired a new stake in Vistra during the 4th quarter worth about $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Vistra during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Seaport Research Partners reissued a “buy” rating and set a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. Finally, Morgan Stanley upped their price objective on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $226.94.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares in the company, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the sale, the director directly owned 70,714 shares in the company, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock worth $6,739,227 over the last three months. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $136.43 on Monday. The firm has a market capitalization of $45.79 billion, a P/E ratio of 23.05 and a beta of 1.41. The stock has a 50-day simple moving average of $153.73 and a two-hundred day simple moving average of $155.84. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. On average, equities analysts forecast that Vistra Corp. will post 9.23 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

Vistra Company Profile

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.