Brookstone Capital Management Buys 3,696 Shares of Vistra Corp. $VST

Brookstone Capital Management boosted its position in shares of Vistra Corp. (NYSE:VST) by 47.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,439 shares of the company’s stock after buying an additional 3,696 shares during the quarter. Brookstone Capital Management’s holdings in Vistra were worth $1,720,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Vistra by 24.1% during the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after acquiring an additional 3,920 shares during the last quarter. Woodline Partners LP increased its position in Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,312 shares during the period. Focus Partners Wealth increased its position in Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after purchasing an additional 2,125 shares during the period. Sivia Capital Partners LLC bought a new stake in Vistra during the 2nd quarter worth about $269,000. Finally, Slocum Gordon & Co LLP raised its holdings in Vistra by 20.0% during the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is currently owned by company insiders.

Vistra Price Performance

Vistra stock opened at $167.35 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The firm has a market capitalization of $56.43 billion, a P/E ratio of 28.03 and a beta of 1.40. The business has a 50-day moving average of $154.81 and a 200-day moving average of $159.34. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.229 dividend. This represents a $0.92 annualized dividend and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is 15.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VST shares. 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 objective 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. Finally, TD Cowen cut their price target on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $230.31.

Vistra 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.