TrueWealth Advisors LLC Buys 103 Shares of Vistra Corp. $VST

TrueWealth Advisors LLC increased its stake in Vistra Corp. (NYSE:VST) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,917 shares of the company’s stock after acquiring an additional 103 shares during the period. TrueWealth Advisors LLC’s holdings in Vistra were worth $759,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VST. Doliver Advisors LP increased its stake in shares of Vistra by 32.2% in the 2nd quarter. Doliver Advisors LP now owns 4,297 shares of the company’s stock valued at $833,000 after buying an additional 1,047 shares during the period. Central Pacific Bank Trust Division bought a new position in Vistra in the second quarter valued at about $839,000. Strs Ohio acquired a new stake in Vistra in the first quarter worth about $12,410,000. Jacobi Capital Management LLC acquired a new stake in Vistra in the first quarter worth about $235,000. Finally, Westbourne Investments Inc. raised its holdings in Vistra by 154.1% during the 1st quarter. Westbourne Investments Inc. now owns 13,431 shares of the company’s stock worth $1,577,000 after purchasing an additional 8,146 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VST. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the company an “overweight” rating in a research note on Thursday, August 21st. BMO Capital Markets lifted their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price target on the stock. Finally, UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average target price of $201.43.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $209.67 on Friday. 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 $81.12 and a 12-month high of $216.85. The firm has a fifty day moving average of $196.55 and a 200-day moving average of $161.67. The firm has a market capitalization of $71.04 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33.

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

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

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.