Resonant Capital Advisors LLC Boosts Stock Position in Vistra Corp. $VST

Resonant Capital Advisors LLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 48.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,269 shares of the company’s stock after acquiring an additional 4,327 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Vistra were worth $1,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Vistra in the 4th quarter worth $746,729,000. Payden & Rygel increased its stake in Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after buying an additional 34,300 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Vistra during the fourth quarter valued at about $29,875,000. Legal & General Group Plc raised its holdings in Vistra by 12.2% during the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after acquiring an additional 192,274 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Vistra by 34.4% in the fourth quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after acquiring an additional 48,378 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In related news, 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 sale, the director owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company’s stock, valued at $12,021,380. This trade 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 three months, insiders have sold 41,588 shares of company stock worth $6,739,227. Company insiders own 0.92% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock traded down $2.37 during trading on Tuesday, reaching $154.85. 1,081,158 shares of the stock traded hands, compared to its average volume of 5,044,051. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The business has a fifty day simple moving average of $154.38 and a two-hundred day simple moving average of $158.74. The company has a market capitalization of $52.21 billion, a price-to-earnings ratio of 25.94 and a beta of 1.40.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Sell-side analysts expect that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is 15.41%.

Analyst Ratings Changes

VST has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Raymond James Financial set a $208.00 price target on Vistra in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Two 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $230.31.

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.