Verdence Capital Advisors LLC Has $631,000 Stake in Vistra Corp. $VST

Verdence Capital Advisors LLC increased its position in shares of Vistra Corp. (NYSE:VST) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,256 shares of the company’s stock after purchasing an additional 71 shares during the period. Verdence Capital Advisors LLC’s holdings in Vistra were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Red Mountain Financial LLC lifted its holdings in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after purchasing an additional 74 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after purchasing an additional 75 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in Vistra by 4.7% during the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after purchasing an additional 76 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after acquiring an additional 78 shares in the last quarter. Finally, Fairvoy Private Wealth LLC raised its holdings in Vistra by 1.4% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock valued at $1,108,000 after acquiring an additional 79 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on VST. Melius began coverage on Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective for the company. BMO Capital Markets lifted their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group lifted 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. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $227.58.

Vistra Trading Down 1.9%

NYSE VST opened at $205.55 on Wednesday. The business’s 50-day moving average price is $200.30 and its two-hundred day moving average price is $174.07. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The firm has a market capitalization of $69.64 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 3.11 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last announced its 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm 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. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 14.35%.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 21,365 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $207.55, for a total transaction of $4,434,305.75. Following the sale, the chief executive officer owned 269,368 shares in the company, valued at $55,907,328.40. This represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 463,350 shares of company stock worth $95,374,138. 1.42% of the stock is owned by corporate 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.