Westbourne Investments Inc. Increases Stake in Vistra Corp. $VST

Westbourne Investments Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 64.7% in the 2nd quarter, Holdings Channel reports. The fund owned 22,127 shares of the company’s stock after buying an additional 8,696 shares during the period. Vistra makes up 2.3% of Westbourne Investments Inc.’s investment portfolio, making the stock its 11th largest position. Westbourne Investments Inc.’s holdings in Vistra were worth $4,288,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VST. Amalgamated Bank increased its position in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after buying an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vistra in the first quarter valued at approximately $432,000. Envestnet Asset Management Inc. increased its position in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after buying an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock valued at $230,000 after buying an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated 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 transaction, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 105,402 shares of company stock worth $21,742,629. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Performance

NYSE VST opened at $209.22 on Wednesday. The stock has a market cap of $70.89 billion, a PE ratio of 33.37, a P/E/G ratio of 3.34 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a twelve month low of $88.89 and a twelve month high of $217.90. The stock has a fifty day simple moving average of $197.31 and a 200-day simple moving average of $162.77.

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

Vistra Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, September 19th. 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. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. The Goldman Sachs Group boosted their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Jefferies Financial Group boosted their price objective on Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, UBS Group lifted their price target 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 given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.43.

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.