Jag Capital Management LLC Invests $244,000 in Vistra Corp. $VST

Jag Capital Management LLC bought a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,260 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Vistra by 175.3% in the first quarter. Farther Finance Advisors LLC now owns 2,987 shares of the company’s stock worth $365,000 after buying an additional 1,902 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Vistra in the first quarter worth approximately $46,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the first quarter worth approximately $432,000. Warther Private Wealth LLC purchased a new position in shares of Vistra during the 1st quarter worth $13,393,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Vistra during the 1st quarter worth $991,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VST shares. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target on the stock. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, September 17th. BMO Capital Markets lifted their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Scotiabank initiated coverage on shares of Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $227.58.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 463,350 shares of company stock valued at $95,374,138 over the last quarter. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

Shares of Vistra stock opened at $209.22 on Tuesday. The stock’s 50-day simple moving average is $200.38 and its 200-day simple moving average is $173.85. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a market capitalization of $70.89 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.92 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. As a group, analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is presently 14.35%.

About Vistra

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.