Vistra Corp. $VST Shares Purchased by Kiker Wealth Management LLC

Kiker Wealth Management LLC boosted its position in Vistra Corp. (NYSE:VST) by 611.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,139 shares of the company’s stock after purchasing an additional 979 shares during the period. Kiker Wealth Management LLC’s holdings in Vistra were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vistra during the 1st quarter valued at $341,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vistra during the 1st quarter valued at $432,000. Peak Financial Advisors LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at $547,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after acquiring an additional 57,551 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 463,350 shares of company stock valued at $95,374,138 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

VST opened at $209.22 on Tuesday. The stock has a fifty day moving average of $200.38 and a 200-day moving average of $173.85. The firm has a market capitalization of $70.89 billion, a P/E ratio of 33.37, a PEG ratio of 2.92 and a beta of 1.33. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. 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 (NYSE:VST) last released its earnings results 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). The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VST shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. JPMorgan Chase & Co. increased their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $227.58.

Vistra Company 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.