NorthRock Partners LLC Acquires Shares of 3,133 Vistra Corp. $VST

NorthRock Partners LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,133 shares of the company’s stock, valued at approximately $607,000.

Several other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Vistra by 175.3% in the first quarter. Farther Finance Advisors LLC now owns 2,987 shares of the company’s stock valued at $365,000 after buying an additional 1,902 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vistra in the first quarter valued at about $432,000. Janney Montgomery Scott LLC raised its holdings in shares of Vistra by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 198,367 shares of the company’s stock valued at $23,296,000 after buying an additional 23,569 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Vistra in the first quarter valued at about $804,000. Finally, Fogel Capital Management Inc. purchased a new stake in shares of Vistra in the first quarter valued at about $919,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra 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 owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 463,350 shares of company stock valued at $95,374,138. 1.42% of the stock is owned by company insiders.

Vistra Trading Down 1.9%

NYSE VST opened at $205.55 on Wednesday. The stock has a market capitalization of $69.64 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.11 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The firm has a 50-day moving average price of $200.30 and a 200 day moving average price of $174.07. 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 issued 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Equities research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VST shares. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. Melius started coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price for the company. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $227.58.

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.