Tcfg Wealth Management LLC Buys Shares of 1,332 Vistra Corp. $VST

Tcfg Wealth Management LLC bought a new stake in Vistra Corp. (NYSE:VSTFree Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,332 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors have also recently modified their holdings of the business. Clark & Stuart Inc acquired a new stake in shares of Vistra in the 2nd quarter valued at $200,000. SteelPeak Wealth LLC boosted its holdings in shares of Vistra by 61.9% in the 2nd 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 in the last quarter. Elm3 Financial Group LLC acquired a new stake in shares of Vistra in the 2nd quarter valued at $341,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Vistra by 1.4% in the 2nd 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 in the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Vistra by 10.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 16,040 shares of the company’s stock valued at $3,109,000 after purchasing an additional 1,463 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the firm’s 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 $45,303,968.75. This trade represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 379,645 shares of company stock worth $78,263,666. 1.42% of the stock is owned by company insiders.

Vistra Stock Down 0.4%

Shares of NYSE:VST opened at $199.65 on Wednesday. The firm has a market cap of $67.65 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.00 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 Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The business has a fifty day simple moving average of $200.68 and a 200 day simple moving average of $171.29.

Vistra (NYSE:VSTGet Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 108.41% and a net margin of 12.90%. Analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VST shares. BMO Capital Markets raised their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group raised their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Melius started coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $227.85.

Get Our Latest Analysis on Vistra

Vistra Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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