Segment Wealth Management LLC Acquires 1,566 Shares of Vistra Corp. $VST

Segment Wealth Management LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 36.0% during the second quarter, HoldingsChannel.com reports. The fund owned 5,914 shares of the company’s stock after purchasing an additional 1,566 shares during the period. Segment Wealth Management LLC’s holdings in Vistra were worth $1,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Precedent Wealth Partners LLC bought a new stake in Vistra in the second quarter valued at about $269,000. Vaughan Nelson Investment Management L.P. increased its stake in Vistra by 67.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 212,411 shares of the company’s stock valued at $41,167,000 after acquiring an additional 85,664 shares during the period. Fairvoy Private Wealth LLC increased its stake in Vistra by 1.4% in the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock valued at $1,108,000 after acquiring an additional 79 shares during the period. Ameritas Advisory Services LLC bought a new stake in Vistra in the second quarter valued at about $217,000. Finally, Yeomans Consulting Group Inc. bought a new stake in Vistra in the second quarter valued at about $328,000. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 19,605 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total value of $3,818,661.90. Following the sale, the chief executive officer directly owned 253,815 shares in the company, valued at approximately $49,438,085.70. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 358,274 shares of company stock valued at $73,886,457 in the last quarter. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $202.25 on Friday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The stock has a market cap of $68.53 billion, a PE ratio of 32.26, a PEG ratio of 3.03 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm’s 50 day moving average price is $200.57 and its two-hundred day moving average price is $170.06.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is 14.35%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VST shares. Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. Scotiabank started coverage on shares of Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. JPMorgan Chase & Co. upped their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $224.21.

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.