Global Assets Advisory LLC Acquires Shares of 13,948 Vistra Corp. (NYSE:VST)

Global Assets Advisory LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,948 shares of the company’s stock, valued at approximately $971,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Vistra by 17.4% during the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock valued at $147,000 after purchasing an additional 312 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Vistra during the 1st quarter worth about $26,000. DekaBank Deutsche Girozentrale lifted its stake in Vistra by 2.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 17,214 shares of the company’s stock valued at $662,000 after buying an additional 384 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Vistra by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,090 shares of the company’s stock worth $368,000 after buying an additional 405 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Vistra stock opened at $85.91 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The company has a 50-day moving average price of $87.32 and a 200 day moving average price of $63.41. Vistra Corp. has a 12-month low of $25.56 and a 12-month high of $107.24. The stock has a market cap of $29.85 billion, a P/E ratio of 52.71 and a beta of 1.03.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. Sell-side analysts anticipate that Vistra Corp. will post 3.95 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a $0.218 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 53.37%.

Insider Transactions at Vistra

In related news, Director Lisa Crutchfield acquired 335 shares of Vistra stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the acquisition, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. UBS Group raised their target price on Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley raised their price objective on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Janney Montgomery Scott began coverage on shares of Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price for the company. Evercore ISI raised their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, BMO Capital Markets upped their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $87.83.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.