OneAscent Wealth Management LLC Buys New Position in Vistra Corp. (NYSE:VST)

OneAscent Wealth Management LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,567 shares of the company’s stock, valued at approximately $249,000.

Several other large investors also recently added to or reduced their stakes in VST. Mather Group LLC. bought a new stake in Vistra during the first quarter valued at approximately $26,000. Blue Trust Inc. grew its position in Vistra by 160.7% during the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the period. Lindbrook Capital LLC boosted its position in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Rise Advisors LLC bought a new position in shares of Vistra in the fourth quarter worth approximately $35,000. Finally, Riverview Trust Co bought a new position in shares of Vistra in the first quarter worth approximately $39,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the purchase, the director now directly 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 hyperlink. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

VST has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley upped their price target on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Evercore ISI upped their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets upped their price target on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Guggenheim raised shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $87.83.

Vistra Price Performance

Vistra stock opened at $85.98 on Friday. The company has a market cap of $29.87 billion, a price-to-earnings ratio of 52.75 and a beta of 1.03. The firm’s fifty day moving average is $88.16 and its 200 day moving average is $64.11. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra Corp. has a 52-week low of $25.64 and a 52-week high of $107.24.

Vistra (NYSE:VST) last released 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). The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. Sell-side analysts forecast that Vistra Corp. will post 3.95 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were paid a dividend of $0.218 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.87 dividend on an annualized basis and a yield of 1.01%. Vistra’s dividend payout ratio is presently 53.37%.

Vistra Company Profile

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.