Signet Financial Management LLC Sells 55 Shares of Vistra Corp. $VST

Signet Financial Management LLC reduced its position in Vistra Corp. (NYSE:VST) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,225 shares of the company’s stock after selling 55 shares during the quarter. Vistra makes up 1.1% of Signet Financial Management LLC’s portfolio, making the stock its 22nd largest holding. Signet Financial Management LLC’s holdings in Vistra were worth $8,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clarus Group Inc. bought a new position in Vistra during the second quarter worth about $222,000. Wealth Effects LLC lifted its stake in Vistra by 1.4% during the second quarter. Wealth Effects LLC now owns 5,717 shares of the company’s stock worth $1,108,000 after purchasing an additional 81 shares during the period. Northside Capital Management LLC bought a new position in shares of Vistra during the 2nd quarter worth approximately $33,829,000. IMS Capital Management bought a new position in shares of Vistra during the 2nd quarter worth approximately $1,560,000. Finally, Ballentine Partners LLC lifted its position in shares of Vistra by 6.5% during the 2nd quarter. Ballentine Partners LLC now owns 3,212 shares of the company’s stock worth $623,000 after buying an additional 197 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on VST shares. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price objective for the company. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $217.13.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 21,360 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $210.21, for a total transaction of $4,490,085.60. Following the completion of the sale, the chief executive officer directly owned 238,520 shares of the company’s stock, valued at $50,139,289.20. The trade was a 8.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 233,569 shares of company stock worth $48,915,316 over the last ninety days. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 1.0%

VST stock opened at $202.15 on Thursday. The company has a market cap of $68.49 billion, a P/E ratio of 32.24, a PEG ratio of 3.19 and a beta of 1.33. Vistra Corp. has a twelve month low of $90.51 and a twelve 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. The business has a fifty day moving average of $199.20 and a 200-day moving average of $166.12.

Vistra (NYSE:VST) last released its 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 firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. Vistra’s payout ratio 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.