Jacobs Equity LLC Acquires Shares of 4,454 Vistra Corp. $VST

Jacobs Equity LLC bought a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 4,454 shares of the company’s stock, valued at approximately $707,000. Vistra comprises approximately 0.5% of Jacobs Equity LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also recently modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra during the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra in the 4th quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra in the 4th quarter worth about $30,000. Triumph Capital Management purchased a new stake in Vistra during the 3rd quarter valued at about $38,000. Finally, Strive Asset Management LLC purchased a new stake in Vistra during the 3rd quarter valued at about $38,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of NYSE:VST opened at $139.90 on Friday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The business has a 50-day simple moving average of $152.15 and a two-hundred day simple moving average of $155.61. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 23.63 and a beta of 1.41.

Vistra (NYSE:VST) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, analysts expect that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s payout ratio is currently 15.54%.

Insider Activity at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,588 shares of company stock worth $5,914,427 in the last three months. 0.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho started coverage on shares of Vistra in a report on Monday. They issued an “outperform” rating and a $169.00 target price for the company. TD Cowen cut their price target on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Wells Fargo & Company reissued an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, UBS Group lowered their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.