Worth Asset Management LLC Invests $794,000 in Vistra Corp. $VST

Worth Asset Management LLC purchased a new position in Vistra Corp. (NYSE:VST) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,279 shares of the company’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Vistra by 24.1% during the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after acquiring an additional 3,920 shares during the period. Woodline Partners LP boosted its holdings in shares of Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after purchasing an additional 8,312 shares during the period. Focus Partners Wealth boosted its holdings in shares of Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after purchasing an additional 2,125 shares during the period. Sivia Capital Partners LLC bought a new position in Vistra in the second quarter worth approximately $269,000. Finally, Slocum Gordon & Co LLP grew its stake in Vistra by 20.0% in the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of NYSE:VST opened at $167.35 on Tuesday. The firm has a 50 day moving average of $154.49 and a 200 day moving average of $159.50. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The company has a market capitalization of $56.43 billion, a price-to-earnings ratio of 28.03 and a beta of 1.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82.

Vistra (NYSE:VST) last announced its 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 business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. On average, sell-side analysts predict that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling

In related news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the sale, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 35,088 shares of company stock worth $5,634,227 in the last 90 days. 0.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VST has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. JPMorgan Chase & Co. lowered their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wells Fargo & Company cut their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $230.44.

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.