Vistra Corp. $VST Stock Position Raised by MGO One Seven LLC

MGO One Seven LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 33.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,732 shares of the company’s stock after purchasing an additional 4,704 shares during the period. MGO One Seven LLC’s holdings in Vistra were worth $2,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Premier Financial Group bought a new stake in Vistra during the second quarter worth about $34,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Vistra in the second quarter valued at approximately $37,000. Silicon Valley Capital Partners bought a new position in shares of Vistra in the second quarter valued at approximately $39,000. Latitude Advisors LLC bought a new position in shares of Vistra in the third quarter valued at approximately $42,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Vistra in the 2nd quarter worth approximately $75,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VST shares. Weiss Ratings lowered Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Siebert Williams Shank initiated coverage on Vistra in a research report on Friday, October 2nd. They issued a “buy” rating and a $202.00 price objective for the company. Bank of America cut their price objective on Vistra from $196.00 to $194.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Sanford C. Bernstein reissued an “outperform” rating and issued a $181.00 price objective on shares of Vistra in a research note on Thursday, October 1st. Finally, Canadian Imperial Bank of Commerce decreased their target price on Vistra from $201.00 to $181.00 and set an “outperformer” rating on the stock in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Insider Activity

In related news, EVP Scott A. Hudson sold 44,444 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the completion of the sale, the executive vice president directly owned 331,137 shares of the company’s stock, valued at $50,273,219.34. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke acquired 4,465 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the completion of the acquisition, the chief executive officer directly owned 1,146,352 shares of the company’s stock, valued at $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.92% of the stock is currently owned by company insiders.

Vistra Trading Up 3.8%

Shares of VST opened at $139.66 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $196.80. The firm has a market capitalization of $46.88 billion, a PE ratio of 23.59 and a beta of 1.37. The stock’s fifty day simple moving average is $145.11 and its 200-day simple moving average is $153.38.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, research analysts predict that Vistra Corp. will post 9.19 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd will be paid a $0.2310 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s payout ratio is 15.54%.

Vistra Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.