Fortitude Advisory Group L.L.C. Takes Position in Vistra Corp. $VST

Fortitude Advisory Group L.L.C. acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,041 shares of the company’s stock, valued at approximately $607,000.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Vistra in the 4th quarter valued at approximately $746,729,000. Capital World Investors acquired a new position in Vistra during the 4th quarter worth approximately $574,499,000. Rubric Capital Management LP bought a new position in shares of Vistra during the 4th quarter worth approximately $322,660,000. Amundi grew its stake in shares of Vistra by 72.3% during the 4th quarter. Amundi now owns 1,949,568 shares of the company’s stock worth $314,524,000 after acquiring an additional 817,876 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Vistra by 585.0% in the fourth quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after purchasing an additional 775,104 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of VST opened at $150.98 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The company’s fifty day simple moving average is $154.37 and its 200 day simple moving average is $158.86. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a market cap of $50.91 billion, a price-to-earnings ratio of 25.29 and a beta of 1.40.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. On average, research analysts forecast that Vistra Corp. will post 9.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.229 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.92 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 is presently 15.41%.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research reports. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lowered their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th. Finally, TD Cowen reduced their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $230.31.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by insiders.

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.