Vistra Corp. $VST Shares Purchased by First American Bank

First American Bank raised its holdings in shares of Vistra Corp. (NYSE:VST) by 16.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,507 shares of the company’s stock after acquiring an additional 3,745 shares during the period. First American Bank’s holdings in Vistra were worth $3,985,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Vistra during the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra during the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in Vistra during the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Vistra in the 4th quarter worth approximately $30,000. Finally, Triumph Capital Management acquired a new stake in shares of Vistra in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 244 shares of the 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 completion of the transaction, the director owned 53,006 shares in the company, valued at $8,109,918. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,588 shares of company stock worth $6,739,227. Company insiders own 0.92% of the company’s stock.

Vistra Trading Up 0.1%

Shares of NYSE:VST opened at $162.62 on Thursday. The stock has a market capitalization of $54.83 billion, a price-to-earnings ratio of 27.24 and a beta of 1.40. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a 50 day moving average price of $154.74 and a 200 day moving average price of $159.34.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.229 per share. 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 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is currently 15.41%.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price objective on shares of Vistra in a report on Wednesday. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Two investment 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 company currently has a consensus rating of “Buy” and an average target price of $230.31.

About Vistra

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.