IFP Advisors Inc Purchases 4,066 Shares of Vistra Corp. $VST

IFP Advisors Inc grew its position in shares of Vistra Corp. (NYSE:VST) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,197 shares of the company’s stock after purchasing an additional 4,066 shares during the period. IFP Advisors Inc’s holdings in Vistra were worth $11,453,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra in the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra in the 4th quarter worth about $30,000. Triumph Capital Management bought a new position in Vistra in the 3rd quarter worth about $38,000. Finally, Strive Asset Management LLC purchased a new stake in shares of Vistra in the 3rd quarter valued at about $38,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VST. Scotiabank lifted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Mizuho began coverage on Vistra in a research note on Monday, August 24th. They issued an “outperform” rating and a $169.00 target price on the stock. Morgan Stanley increased their price target on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group set a $206.00 target price on Vistra in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $223.53.

Insiders Place Their Bets

In related news, Director John Sult sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was 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 in the company, valued at $12,021,380. The trade was a 8.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke purchased 4,465 shares of the stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $135.25 per share, with a total value of $603,891.25. Following the transaction, the chief executive officer directly owned 1,146,352 shares in the company, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 31,988 shares of company stock valued at $5,178,427 over the last three months. Company insiders own 0.92% of the company’s stock.

Vistra Trading Up 1.7%

NYSE:VST opened at $151.80 on Wednesday. The company has a fifty day moving average of $148.98 and a 200 day moving average of $154.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The firm has a market capitalization of $50.95 billion, a P/E ratio of 25.64 and a beta of 1.40.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. On average, research analysts predict that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is an increase 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%. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

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.