Brookstone Capital Management Acquires 3,696 Shares of Vistra Corp. $VST

Brookstone Capital Management increased its holdings in shares of Vistra Corp. (NYSE:VST) by 47.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,439 shares of the company’s stock after acquiring an additional 3,696 shares during the period. Brookstone Capital Management’s holdings in Vistra were worth $1,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Vistra by 103.0% during the first quarter. SG Americas Securities LLC now owns 619,979 shares of the company’s stock worth $93,201,000 after purchasing an additional 314,617 shares during the period. Fisher Funds Management LTD grew its stake in shares of Vistra by 2,111.7% in the 1st quarter. Fisher Funds Management LTD now owns 140,089 shares of the company’s stock valued at $21,060,000 after purchasing an additional 133,755 shares during the period. Terra Nova Asset Management LLC grew its stake in shares of Vistra by 30.8% in the 1st quarter. Terra Nova Asset Management LLC now owns 9,663 shares of the company’s stock valued at $1,453,000 after purchasing an additional 2,277 shares during the period. First Community Trust NA acquired a new position in shares of Vistra in the 1st quarter worth approximately $54,000. Finally, Polianta Ltd raised its holdings in shares of Vistra by 17.3% in the 1st quarter. Polianta Ltd now owns 9,500 shares of the company’s stock worth $1,428,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 over the last ninety days. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VST. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. lowered their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $230.31.

Vistra Stock Performance

NYSE:VST opened at $167.35 on Friday. The stock has a market capitalization of $56.43 billion, a P/E ratio of 28.03 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm has a 50 day moving average of $154.81 and a 200-day moving average of $159.34.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 9.31 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.41%.

Vistra Company 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.