Fox Hill Wealth Management Acquires New Position in Vistra Corp. $VST

Fox Hill Wealth Management bought a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,453 shares of the company’s stock, valued at approximately $2,610,000.

A number of other hedge funds also recently added to or reduced their stakes in VST. BlackRock Inc. acquired a new position in shares of Vistra in the second quarter worth $4,610,496,000. State Street Corp increased its position in shares of Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after acquiring an additional 432,028 shares during the period. Geode Capital Management LLC raised its stake in shares of Vistra by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after acquiring an additional 97,424 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra in the fourth quarter valued at $746,729,000. Finally, Invesco Ltd. boosted its holdings in Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VST has been the subject of several analyst reports. Weiss Ratings cut Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. UBS Group decreased their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Mizuho started coverage on Vistra in a research report on Monday. They set an “outperform” rating and a $169.00 price objective for the company. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 6,500 shares of the company’s 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 completion of the transaction, the director owned 70,714 shares in the company, valued at approximately $12,021,380. This represents a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% 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 have sold 36,588 shares of company stock worth $5,914,427 over the last three months. 0.92% of the stock is owned by company insiders.

Vistra Stock Down 1.9%

Shares of NYSE:VST opened at $137.16 on Friday. The firm has a 50 day simple moving average of $151.62 and a 200-day simple moving average of $155.48. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41.

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

Vistra Increases Dividend

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

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.