Diversify Advisory Services LLC Purchases Shares of 28,656 Vistra Corp. $VST

Diversify Advisory Services LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,656 shares of the company’s stock, valued at approximately $4,501,000.

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

Vistra Stock Performance

Shares of NYSE:VST opened at $140.39 on Wednesday. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 23.71 and a beta of 1.41. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm’s 50-day moving average is $154.02 and its 200 day moving average is $156.25. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last posted 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). The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Research analysts predict that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued 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 annualized dividend and a dividend yield of 0.7%. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of analyst reports. Scotiabank increased their price target on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research note on Monday, August 10th. Morgan Stanley upped their price objective on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $228.56.

Insiders Place Their Bets

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

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.