2,139 Shares in Vistra Corp. $VST Purchased by Lionsbridge Wealth Management LLC

Lionsbridge Wealth Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,139 shares of the company’s stock, valued at approximately $415,000.

Several other large investors have also made changes to their positions in the business. Verdence Capital Advisors LLC lifted its position in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after purchasing an additional 71 shares during the last quarter. Red Mountain Financial LLC lifted its position in shares of Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after purchasing an additional 74 shares during the last quarter. Parallel Advisors LLC increased its stake in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares during the period. Global Financial Private Client LLC increased its stake in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after acquiring an additional 76 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VST shares. BMO Capital Markets boosted their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Scotiabank started coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $229.31.

Insider Buying and Selling

In related news, CEO James A. Burke sold 21,355 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total transaction of $4,595,809.55. Following the sale, the chief executive officer directly owned 282,597 shares in the company, valued at $60,817,700.37. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 590,228 shares of company stock worth $121,653,740. 1.42% of the stock is owned by corporate insiders.

Vistra Trading Down 3.4%

VST stock opened at $194.42 on Tuesday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The firm has a market cap of $65.87 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.86 and a beta of 1.33. The business’s 50 day moving average is $200.46 and its 200-day moving average is $176.99. 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 (NYSE:VST) last released its quarterly earnings data 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). 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 the consensus estimate of $5.15 billion. Equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. 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 yield of 0.5%. Vistra’s dividend payout ratio is currently 14.35%.

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.