Mount Yale Investment Advisors LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

Mount Yale Investment Advisors LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,096 shares of the company’s stock, valued at approximately $1,212,000.

Other institutional investors have also recently bought and sold shares of the company. Castle Hook Partners LP raised its holdings in shares of Vistra by 470.0% in the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after purchasing an additional 2,910,015 shares during the last quarter. Norges Bank bought a new position in shares of Vistra in the fourth quarter valued at approximately $77,523,000. Electron Capital Partners LLC boosted its position in shares of Vistra by 468.2% during the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock valued at $82,006,000 after buying an additional 1,754,223 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after buying an additional 1,356,488 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on VST shares. Jefferies Financial Group initiated coverage on Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 price objective on the stock. BMO Capital Markets raised their price target on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley upped 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $100.83.

Vistra Stock Performance

Shares of VST stock opened at $107.88 on Monday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The firm has a market cap of $37.48 billion, a price-to-earnings ratio of 66.18 and a beta of 1.08. Vistra Corp. has a 52 week low of $31.16 and a 52 week high of $108.26. The firm’s 50-day simple moving average is $80.15 and its two-hundred day simple moving average is $80.85.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $4.04 billion. During the same period last year, the firm posted $1.03 EPS. As a group, equities analysts forecast that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. Vistra’s dividend payout ratio is presently 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.