Brookstone Capital Management purchased a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,683 shares of the company’s stock, valued at approximately $220,000.
A number of other hedge funds also recently bought and sold shares of VST. Vanguard Group Inc. raised its position in Vistra by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 47,683,973 shares of the company’s stock valued at $887,875,000 after purchasing an additional 5,954,933 shares in the last quarter. Invesco Ltd. raised its position in shares of Vistra by 104.6% during the 1st quarter. Invesco Ltd. now owns 10,050,907 shares of the company’s stock worth $160,412,000 after acquiring an additional 5,138,893 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Vistra during the 2nd quarter worth about $50,504,000. Bank of New York Mellon Corp raised its position in shares of Vistra by 57.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,467 shares of the company’s stock worth $81,434,000 after acquiring an additional 1,593,887 shares in the last quarter. Finally, Owl Creek Asset Management L.P. raised its position in shares of Vistra by 354.3% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,006,570 shares of the company’s stock worth $32,025,000 after acquiring an additional 1,564,870 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on VST. Zacks Investment Research lowered Vistra from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley cut their target price on Vistra from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. BMO Capital Markets cut their target price on Vistra from $33.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. They noted that the move was a valuation call. Finally, ValuEngine cut Vistra from a “hold” rating to a “sell” rating in a research note on Friday, August 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.44.
Shares of NYSE:VST opened at $19.02 on Friday. The stock has a market cap of $9.30 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.46 and a beta of 0.94. The firm has a fifty day moving average price of $18.33 and a 200 day moving average price of $18.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.75. Vistra Corp. has a 1-year low of $11.30 and a 1-year high of $27.96.
Vistra (NYSE:VST) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.13). The business had revenue of $2.51 billion for the quarter. Vistra had a return on equity of 8.57% and a net margin of 4.98%. Sell-side analysts expect that Vistra Corp. will post 2.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, September 15th. Vistra’s dividend payout ratio is currently 26.09%.
In other news, CEO Curtis A. Morgan acquired 41,176 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of $18.19 per share, for a total transaction of $748,991.44. Also, Director Scott B. Helm acquired 20,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average price of $18.19 per share, with a total value of $363,800.00. Following the transaction, the director now owns 190,377 shares in the company, valued at approximately $3,462,957.63. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.
Vistra Company Profile
Vistra Corp., through its subsidiaries, engages in the electricity business in the United States. It operates through Retail, ERCOT, PJM, NY/NE, MISO, and Asset Closure segments. The company retails electricity and natural gas to residential, commercial and industrial customers across 20 states in the United States.
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