Wilmington Savings Fund Society FSB Buys 2,883 Shares of Vistra Corp. $VST

Wilmington Savings Fund Society FSB boosted its stake in shares of Vistra Corp. (NYSE:VST) by 63.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,443 shares of the company’s stock after purchasing an additional 2,883 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Vistra were worth $1,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its position in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Vistra during the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC purchased a new position in Vistra during the first quarter valued at approximately $432,000. Peak Financial Advisors LLC purchased a new position in Vistra during the second quarter valued at approximately $547,000. Finally, Envestnet Asset Management Inc. increased its holdings in Vistra by 29.1% during 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 during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. BMO Capital Markets lifted their price objective on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $227.58.

Vistra Stock Up 2.6%

NYSE:VST opened at $210.96 on Thursday. The company has a market cap of $71.48 billion, a PE ratio of 33.65, a P/E/G ratio of 3.05 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 current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company’s 50 day moving average is $200.50 and its two-hundred day moving average is $174.32.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company 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%. Analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,370 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $205.58, for a total value of $4,393,244.60. Following the sale, the chief executive officer directly owned 277,315 shares of the company’s stock, valued at $57,010,417.70. This represents a 7.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 547,510 shares of company stock valued at $112,585,800. 1.42% of the stock is owned by corporate insiders.

Vistra Company 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.