10,149 Shares in Vistra Corp. (NYSE:VST) Purchased by IAM Advisory LLC

IAM Advisory LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,149 shares of the company’s stock, valued at approximately $873,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Country Trust Bank acquired a new position in Vistra in the second quarter worth approximately $172,000. SG Americas Securities LLC increased its position in Vistra by 351.2% during the second quarter. SG Americas Securities LLC now owns 51,328 shares of the company’s stock worth $4,413,000 after buying an additional 39,951 shares during the last quarter. Csenge Advisory Group raised its holdings in Vistra by 20.0% during the second quarter. Csenge Advisory Group now owns 6,345 shares of the company’s stock valued at $546,000 after buying an additional 1,058 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after buying an additional 112 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of Vistra by 983.4% during the 2nd quarter. NBC Securities Inc. now owns 14,626 shares of the company’s stock worth $1,257,000 after acquiring an additional 13,276 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock traded down $0.44 during mid-day trading on Friday, reaching $78.64. The stock had a trading volume of 5,586,342 shares, compared to its average volume of 6,806,466. The firm has a market cap of $27.32 billion, a PE ratio of 48.25 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra Corp. has a one year low of $29.47 and a one year high of $107.24. The firm’s 50 day simple moving average is $83.79 and its 200 day simple moving average is $73.21.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. On average, analysts forecast that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.12%. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Insider Activity

In other news, Director Lisa Crutchfield bought 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VST shares. Morgan Stanley raised their price objective on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. UBS Group lifted their price target on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Janney Montgomery Scott initiated coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $87.83.

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.