Fiduciary Financial Group LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Fiduciary Financial Group LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, HoldingsChannel reports. The firm bought 2,689 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in shares of Vistra in the first quarter worth $26,000. Lindbrook Capital LLC raised its position in Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Vistra during the first quarter valued at about $32,000. Riverview Trust Co purchased a new stake in Vistra during the first quarter valued at about $39,000. Finally, ORG Partners LLC purchased a new stake in Vistra during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Vistra Trading Down 2.6 %

Shares of NYSE VST traded down $2.10 during trading hours on Friday, hitting $79.35. The company’s stock had a trading volume of 4,527,099 shares, compared to its average volume of 6,760,917. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The stock has a market cap of $27.57 billion, a price-to-earnings ratio of 48.75 and a beta of 1.05. Vistra Corp. has a 12 month low of $29.47 and a 12 month high of $107.24. The business has a 50-day simple moving average of $82.95 and a 200-day simple moving average of $73.84.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 22.61% and a net margin of 4.61%. During the same period in the previous year, the business earned $1.03 earnings per share. On average, analysts anticipate that Vistra Corp. will post 4.86 earnings per share for the current fiscal 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 $0.2195 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 1.11%. Vistra’s dividend payout ratio (DPR) is 53.37%.

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.