Global Retirement Partners LLC Takes $1.11 Million Position in Vistra Corp. $VST

Global Retirement Partners LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,976 shares of the company’s stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra in the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Vistra during the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Vistra during the 4th quarter valued at about $30,000. Strive Financial Group LLC purchased a new position in shares of Vistra during the 4th quarter valued at about $33,000. Finally, Salomon & Ludwin LLC lifted its position in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the sale, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This trade represents a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. The trade was 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 three months, insiders sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on VST shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. The Goldman Sachs Group set a $206.00 price objective on shares of Vistra in a report on Wednesday, August 12th. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Scotiabank increased their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $228.56.

Vistra Price Performance

Shares of Vistra stock opened at $146.58 on Tuesday. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The business’s 50 day simple moving average is $154.14 and its two-hundred day simple moving average is $156.42. The stock has a market capitalization of $49.20 billion, a P/E ratio of 24.76 and a beta of 1.41.

Vistra (NYSE:VST) last released its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Analysts forecast that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio is presently 15.54%.

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.