Trust Investment Advisors Invests $745,000 in Vistra Corp. $VST

Trust Investment Advisors purchased a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,844 shares of the company’s stock, valued at approximately $745,000.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Vistra by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after buying an additional 11,386 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after buying an additional 57,358 shares in the last quarter. Nuveen LLC acquired a new position in shares of Vistra during the 1st quarter worth $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Vistra by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock worth $172,717,000 after buying an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Vistra by 1.5% during the 1st quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock worth $155,920,000 after buying an additional 19,679 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 693,796 shares of company stock worth $142,063,483. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Down 1.0%

Shares of VST stock opened at $199.55 on Tuesday. 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 Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The stock has a 50-day moving average of $199.47 and a 200-day moving average of $179.92. The stock has a market cap of $67.61 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.86 and a beta of 1.33.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is 14.35%.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent research reports. Cowen initiated coverage on Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. BMO Capital Markets boosted their price target on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Morgan Stanley boosted their price target on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $229.93.

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.