Integrity Alliance LLC. Grows Stock Holdings in Vistra Corp. $VST

Integrity Alliance LLC. lifted its position in Vistra Corp. (NYSE:VST) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,862 shares of the company’s stock after buying an additional 136 shares during the quarter. Integrity Alliance LLC.’s holdings in Vistra were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VST. Nuveen LLC purchased a new stake in shares of Vistra in the 1st quarter valued at $209,149,000. Assenagon Asset Management S.A. raised its holdings in shares of Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock valued at $167,755,000 after buying an additional 830,111 shares during the period. Fred Alger Management LLC raised its holdings in shares of Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after buying an additional 492,765 shares during the period. 140 Summer Partners LP purchased a new stake in shares of Vistra in the 1st quarter valued at $56,876,000. Finally, Jennison Associates LLC raised its holdings in shares of Vistra by 23.8% in the 2nd quarter. Jennison Associates LLC now owns 1,712,726 shares of the company’s stock valued at $331,943,000 after buying an additional 329,294 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several research analyst reports. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, September 17th. Wells Fargo & Company initiated coverage on Vistra in a research report on Monday. They set an “overweight” rating and a $238.00 price objective on the stock. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. BMO Capital Markets upped their price objective on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, TD Cowen initiated coverage on Vistra in a research report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Four investment 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 MarketBeat, the company currently has an average rating of “Buy” and an average target price of $229.93.

Vistra Stock Down 0.7%

Vistra stock opened at $188.36 on Friday. The firm has a market capitalization of $63.82 billion, a P/E ratio of 30.04, a P/E/G ratio of 2.69 and a beta of 1.33. The stock’s fifty day simple moving average is $199.50 and its 200-day simple moving average is $181.69. 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 twelve month low of $90.51 and a twelve month high of $219.82.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s dividend payout ratio is currently 14.35%.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The stock was 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 of the company’s stock, valued at $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 723,910 shares of company stock valued at $148,086,569 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

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.