Avidian Wealth Enterprises LLC Makes New Investment in Vistra Corp. $VST

Avidian Wealth Enterprises LLC bought a new position in Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,566 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors have also bought and sold shares of VST. Banque Transatlantique SA lifted its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. HM Payson & Co. raised its position in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares during the period. Keener Financial Planning LLC purchased a new stake in shares of Vistra during the 1st quarter valued at approximately $34,000. WPG Advisers LLC purchased a new stake in shares of Vistra during the 1st quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Vistra during the 1st quarter valued at approximately $39,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VST has been the topic of several analyst reports. Scotiabank initiated coverage on shares of Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. TD Cowen assumed coverage on shares of Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $229.31.

Vistra Stock Down 0.4%

Vistra stock opened at $185.77 on Thursday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a 50 day moving average price of $199.60 and a 200 day moving average price of $177.12. The company has a market capitalization of $62.94 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

Vistra (NYSE:VST) last posted its quarterly 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 analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s payout ratio is presently 14.35%.

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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 632,966 shares of company stock valued at $130,462,677 in the last three months. Insiders own 1.42% of the company’s stock.

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.