City State Bank Raises Holdings in Vistra Corp. $VST

City State Bank lifted its stake in Vistra Corp. (NYSE:VST) by 210.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155 shares of the company’s stock after buying an additional 105 shares during the quarter. City State Bank’s holdings in Vistra were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its stake in shares of Vistra by 2.2% in the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after buying an additional 71 shares during the last quarter. Fogel Capital Management Inc. boosted its stake in shares of Vistra by 0.9% in the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after buying an additional 72 shares during the last quarter. Red Mountain Financial LLC boosted its stake in shares of Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after buying an additional 74 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after buying an additional 75 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its stake in shares of Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 654,583 shares of company stock worth $134,542,882 in the last quarter. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. BMO Capital Markets increased their price target on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. TD Cowen assumed coverage on Vistra in a research report on Thursday, October 16th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $229.31.

Vistra Stock Performance

NYSE VST opened at $201.62 on Friday. The company has a market cap of $68.31 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The stock’s 50 day simple moving average is $199.45 and its 200-day simple moving average is $178.94. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

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 firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s dividend payout ratio (DPR) is 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.