Worth Asset Management LLC Makes New $794,000 Investment in Vistra Corp. $VST

Worth Asset Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the first quarter, Holdings Channel.com reports. The firm purchased 5,279 shares of the company’s stock, valued at approximately $794,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VST. AdvisorNet Financial Inc lifted its stake in shares of Vistra by 12.6% during the first quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $220,000 after buying an additional 164 shares during the period. Outlook Wealth Advisors LLC increased its position in shares of Vistra by 4.9% in the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after acquiring an additional 70 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in Vistra by 1.8% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 10,730 shares of the company’s stock worth $1,613,000 after acquiring an additional 189 shares during the last quarter. Brookstone Capital Management raised its stake in Vistra by 47.7% in the 1st quarter. Brookstone Capital Management now owns 11,439 shares of the company’s stock worth $1,720,000 after acquiring an additional 3,696 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Vistra by 103.0% during the 1st quarter. SG Americas Securities LLC now owns 619,979 shares of the company’s stock worth $93,201,000 after acquiring an additional 314,617 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 35,088 shares of company stock worth $5,634,227. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $167.35 on Tuesday. The firm has a market capitalization of $56.43 billion, a P/E ratio of 28.03 and a beta of 1.40. The stock has a 50-day simple moving average of $154.49 and a two-hundred day simple moving average of $159.50. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. On average, equities analysts forecast that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.24%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. Wells Fargo & Company reduced their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $230.44.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.