Dorsey & Whitney Trust CO LLC Takes Position in Vistra Corp. $VST

Dorsey & Whitney Trust CO LLC acquired a new position in Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,324 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors have also recently made changes to their positions in the business. City State Bank lifted its holdings in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. NewSquare Capital LLC grew its holdings in Vistra by 65.9% during the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $41,000 after buying an additional 85 shares in the last quarter. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after buying an additional 78 shares in the last quarter. Finally, LRI Investments LLC boosted its position in shares of Vistra by 104.3% during the second quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Melius initiated coverage on shares of Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 target price (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Cowen started coverage on Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $234.21.

Insider Activity at Vistra

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 value of $4,091,535.55. Following the completion of the sale, the chief executive officer directly owned 271,074 shares in the company, valued at $50,563,433.22. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the transaction, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. The trade was a 21.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 860,120 shares of company stock worth $171,817,820. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $179.15 on Thursday. The company’s 50-day moving average price is $196.82 and its 200-day moving average price is $187.48. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The company has a market cap of $60.70 billion, a PE ratio of 64.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. On average, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 32.49%.

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.