35,728 Shares in Vistra Corp. (NYSE:VST) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 35,728 shares of the company’s stock, valued at approximately $857,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Vistra by 2.8% in the fourth quarter. HighTower Advisors LLC now owns 129,871 shares of the company’s stock worth $3,011,000 after buying an additional 3,567 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vistra by 1.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,299 shares of the company’s stock valued at $1,615,000 after purchasing an additional 1,008 shares during the period. DAVENPORT & Co LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $254,000. Counterpoint Mutual Funds LLC purchased a new stake in Vistra in the first quarter worth $105,000. Finally, Wedbush Securities Inc. raised its holdings in Vistra by 24.9% in the first quarter. Wedbush Securities Inc. now owns 33,912 shares of the company’s stock worth $814,000 after purchasing an additional 6,750 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 107,466 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $30.22, for a total value of $3,247,622.52. Following the completion of the transaction, the executive vice president now directly owns 137,782 shares in the company, valued at approximately $4,163,772.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Stephanie Zapata Moore sold 107,466 shares of Vistra stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $30.22, for a total value of $3,247,622.52. Following the completion of the sale, the executive vice president now directly owns 137,782 shares in the company, valued at approximately $4,163,772.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie A. Lagacy bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost of $24.84 per share, with a total value of $248,400.00. Following the transaction, the director now owns 16,923 shares in the company, valued at approximately $420,367.32. The disclosure for this purchase can be found here. Corporate insiders own 1.36% of the company’s stock.

Vistra Trading Up 2.3 %

Vistra stock opened at $32.51 on Wednesday. Vistra Corp. has a 12 month low of $20.76 and a 12 month high of $33.05. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 8.88 and a beta of 0.97. The business’s fifty day simple moving average is $28.57 and its two-hundred day simple moving average is $25.72. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 3.42.

Vistra (NYSE:VST) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. Vistra had a net margin of 9.60% and a return on equity of 22.75%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.78 billion. As a group, equities analysts predict that Vistra Corp. will post 3.11 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be paid a $0.206 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.20. Vistra’s dividend payout ratio is currently 22.40%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VST shares. Morgan Stanley boosted their target price on shares of Vistra from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, August 23rd. TheStreet upgraded shares of Vistra from a “c+” rating to a “b-” rating in a report on Monday, July 3rd. Finally, BMO Capital Markets raised their target price on shares of Vistra from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th.

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 20 states in the United States and the District of Columbia.