Elevatus Welath Management Invests $5.46 Million in Vistra Corp. $VST

Elevatus Welath Management acquired a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 28,146 shares of the company’s stock, valued at approximately $5,455,000. Vistra accounts for about 1.8% of Elevatus Welath Management’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors have also recently made changes to their positions in VST. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra in the second quarter worth about $28,000. Anfield Capital Management LLC acquired a new position in shares of Vistra during the second quarter valued at about $29,000. City State Bank raised its position in shares of Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in Vistra by 19,300.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in Vistra by 65.9% during the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on shares of Vistra in a research note on Monday, October 27th. They set an “overweight” rating and a $238.00 price target on the stock. Melius began coverage on Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. TD Cowen began coverage on Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. Evercore ISI lifted their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $233.20.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 41,426 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $201.32, for a total value of $8,339,882.32. Following the transaction, the chief executive officer owned 246,522 shares in the company, valued at approximately $49,629,809.04. This trade represents a 14.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 784,299 shares of company stock valued at $155,981,703. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 2.5%

Vistra stock opened at $170.20 on Friday. The business’s 50-day moving average price is $185.27 and its 200 day moving average price is $189.78. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a market cap of $57.67 billion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is a boost 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%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

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.