Shell Asset Management Co. Acquires 4,728 Shares of Vistra Corp. $VST

Shell Asset Management Co. boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 45.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,160 shares of the company’s stock after acquiring an additional 4,728 shares during the quarter. Shell Asset Management Co.’s holdings in Vistra were worth $2,938,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Tcfg Wealth Management LLC bought a new position in shares of Vistra in the second quarter valued at approximately $258,000. Clark & Stuart Inc bought a new position in shares of Vistra in the second quarter valued at approximately $200,000. SteelPeak Wealth LLC raised its position in shares of Vistra by 61.9% in the second quarter. SteelPeak Wealth LLC now owns 24,450 shares of the company’s stock valued at $4,739,000 after purchasing an additional 9,350 shares during the period. Elm3 Financial Group LLC bought a new position in shares of Vistra in the second quarter valued at approximately $341,000. Finally, Prime Capital Investment Advisors LLC raised its position in shares of Vistra by 1.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 7,993 shares of the company’s stock valued at $1,549,000 after purchasing an additional 111 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent analyst reports. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Morgan Stanley raised their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a research note on Saturday, September 27th. Three equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $227.85.

Vistra Stock Down 0.4%

Shares of NYSE VST opened at $199.65 on Wednesday. The stock has a market cap of $67.65 billion, a PE ratio of 31.84, a PEG ratio of 3.00 and a beta of 1.33. The business has a fifty day moving average of $200.68 and a two-hundred day moving average of $171.29. Vistra Corp. has a 52-week low of $90.51 and a 52-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.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, September 19th. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is 14.35%.

Insider Activity

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 379,645 shares of company stock worth $78,263,666 over the last three months. 1.42% of the stock is currently owned by company insiders.

Vistra Company 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.