Evolve Private Wealth LLC Acquires New Shares in Vistra Corp. $VST

Evolve Private Wealth LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, Holdings Channel reports. The firm acquired 35,417 shares of the company’s stock, valued at approximately $5,714,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. lifted its stake in shares of Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after purchasing an additional 53 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Vistra by 7.1% during the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in Vistra by 21.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock valued at $59,000 after buying an additional 65 shares during the period. Finally, UMB Bank n.a. raised its holdings in Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $158.57 on Thursday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market cap of $53.47 billion, a P/E ratio of 26.56 and a beta of 1.40. The stock has a 50-day moving average of $153.85 and a two-hundred day moving average of $159.72. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, analysts anticipate that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Insiders Place Their Bets

In related news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,088 shares of company stock worth $1,634,227 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several research analyst reports. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Seaport Research Partners restated a “buy” rating and issued a $230.00 price objective on shares of Vistra in a report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Thursday, May 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus target price of $230.44.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.