Fourth Dimension Wealth LLC Has $152,000 Holdings in Vistra Corp. $VST

Fourth Dimension Wealth LLC increased its holdings in shares of Vistra Corp. (NYSE:VST) by 117.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 785 shares of the company’s stock after buying an additional 424 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in Vistra were worth $152,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Bridgewater Advisors Inc. raised its position in shares of Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after purchasing an additional 67 shares during the period. Verdence Capital Advisors LLC raised its holdings in Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after buying an additional 71 shares during the period. Fogel Capital Management Inc. raised its holdings in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after buying an additional 72 shares during the period. Red Mountain Financial LLC raised 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 buying an additional 74 shares during the period. Finally, Parallel Advisors LLC raised 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 buying an additional 75 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotiabank initiated coverage on shares of Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Cowen initiated coverage on Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Morgan Stanley lifted their target price on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Finally, TD Cowen assumed coverage on Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Vistra has an average rating of “Buy” and a consensus price target of $229.93.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 723,910 shares of company stock worth $148,086,569 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

NYSE:VST opened at $189.34 on Thursday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The stock’s 50-day simple moving average is $199.26 and its 200 day simple moving average is $183.70. The company has a market cap of $64.15 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.64 and a beta of 1.30. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share 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 analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra’s dividend payout ratio is presently 14.35%.

About Vistra

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.