Ballentine Partners LLC Takes Position in Vistra Corp. (NYSE:VST)

Ballentine Partners LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,511 shares of the company’s stock, valued at approximately $216,000.

Several other large investors also recently bought and sold shares of the business. Atria Investments Inc acquired a new position in shares of Vistra during the 1st quarter worth approximately $1,675,000. 3Chopt Investment Partners LLC boosted its stake in Vistra by 142.2% during the fourth quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after buying an additional 32,276 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after buying an additional 5,619 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Vistra by 41.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock worth $4,453,000 after acquiring an additional 33,738 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Vistra by 633.7% during the 4th quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock worth $2,260,000 after acquiring an additional 50,672 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised their price objective on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $87.83.

Vistra Stock Up 0.5 %

Shares of VST opened at $80.47 on Friday. The company’s 50-day moving average price is $79.97 and its 200 day moving average price is $78.90. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $107.24. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a market cap of $27.96 billion, a P/E ratio of 49.37 and a beta of 1.08.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Vistra 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.