Vistra Corp. $VST Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 217.4% during the fourth quarter, HoldingsChannel reports. The firm owned 33,313 shares of the company’s stock after purchasing an additional 22,818 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Vistra were worth $5,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VST. Salomon & Ludwin LLC acquired a new position in shares of Vistra in the 3rd quarter valued at $25,000. Quent Capital LLC acquired a new stake in Vistra during the 3rd quarter worth about $25,000. Archer Investment Corp grew its stake in Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Vistra in the second quarter valued at about $28,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Vistra in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VST shares. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a report on Friday, February 6th. Morgan Stanley reissued an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Wells Fargo & Company decreased their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, UBS Group increased their price objective on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $236.87.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

Vistra Stock Up 1.8%

Vistra stock opened at $150.22 on Wednesday. The business’s 50-day moving average price is $161.14 and its 200 day moving average price is $174.98. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The firm has a market cap of $50.86 billion, a price-to-earnings ratio of 69.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.42. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were paid a $0.228 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 41.94%.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.