Paralel Advisors LLC Has $2.44 Million Stock Holdings in Vistra Corp. $VST

Paralel Advisors LLC decreased its stake in Vistra Corp. (NYSE:VST) by 32.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,366 shares of the company’s stock after selling 7,412 shares during the quarter. Paralel Advisors LLC’s holdings in Vistra were worth $2,438,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Equitable Holdings Inc. raised its holdings in Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares in the last quarter. UMB Bank n.a. boosted its position in Vistra by 3.8% during the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after purchasing an additional 65 shares during the last quarter. Rothschild Investment LLC grew its stake in Vistra by 2.9% in the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after purchasing an additional 68 shares in the last quarter. Outlook Wealth Advisors LLC grew its stake in Vistra by 4.9% in the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after purchasing an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC grew its stake in Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VST shares. Wells Fargo & Company reiterated an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research note on Monday, August 10th. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Seaport Research Partners restated a “buy” rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Finally, BNP Paribas Exane set a $255.00 price target on shares of Vistra in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Vistra Price Performance

Shares of NYSE VST opened at $138.88 on Friday. The business’s 50 day moving average price is $153.96 and its two-hundred day moving average price is $155.97. The company has a market cap of $46.61 billion, a PE ratio of 23.46 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings data 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 net margin of 11.55% and a return on equity of 108.68%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. On average, analysts predict that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred 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 owned 53,006 shares of the company’s stock, valued at approximately $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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,588 shares of company stock worth $6,739,227. Company insiders own 0.92% of the company’s stock.

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.