Cetera Investment Advisers Purchases 21,416 Shares of Vistra Corp. $VST

Cetera Investment Advisers lifted its holdings in Vistra Corp. (NYSE:VST) by 12.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,941 shares of the company’s stock after purchasing an additional 21,416 shares during the period. Cetera Investment Advisers’ holdings in Vistra were worth $37,588,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of Vistra by 25.2% in the first quarter. CWM LLC now owns 10,448 shares of the company’s stock valued at $1,227,000 after acquiring an additional 2,101 shares during the period. Larson Financial Group LLC boosted its holdings in Vistra by 192.1% in the 1st quarter. Larson Financial Group LLC now owns 736 shares of the company’s stock valued at $86,000 after purchasing an additional 484 shares during the period. Kingsview Wealth Management LLC grew its position in Vistra by 184.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 9,900 shares of the company’s stock worth $1,163,000 after purchasing an additional 6,422 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Vistra by 23.8% during the 1st quarter. Private Advisor Group LLC now owns 14,852 shares of the company’s stock worth $1,744,000 after purchasing an additional 2,857 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in shares of Vistra by 54.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,513 shares of the company’s stock valued at $530,000 after buying an additional 1,594 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.6%

Shares of NYSE VST opened at $174.37 on Monday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The business has a fifty day moving average of $198.04 and a two-hundred day moving average of $187.02. The stock has a market cap of $59.08 billion, a PE ratio of 62.95, a PEG ratio of 2.18 and a beta of 1.30.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, equities research 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. Stockholders of record on Monday, December 22nd will be issued a $0.227 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 32.49%.

Analysts Set New Price Targets

A number of research firms recently weighed in on VST. JPMorgan Chase & Co. lifted their target price on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, September 17th. BMO Capital Markets lifted their price target on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, TD Cowen initiated coverage on shares of Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $234.21.

Insider Buying and Selling

In related news, CEO James A. Burke sold 21,935 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the sale, the chief executive officer directly owned 271,074 shares of the company’s stock, valued at $50,563,433.22. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 745,845 shares of company stock worth $152,178,104. 1.42% of the stock is owned by corporate insiders.

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.