Ashton Thomas Private Wealth LLC Acquires 190 Shares of Vistra Corp. (NYSE:VST)

Ashton Thomas Private Wealth LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,125 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Vistra were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC lifted its holdings in shares of Vistra by 305.4% in the 2nd quarter. Quest Partners LLC now owns 4,638 shares of the company’s stock valued at $399,000 after acquiring an additional 3,494 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Vistra in the 2nd quarter worth approximately $216,000. Acadian Asset Management LLC purchased a new position in shares of Vistra in the 2nd quarter worth approximately $700,000. MKP Capital Management L.L.C. bought a new position in shares of Vistra during the 2nd quarter valued at approximately $3,697,000. Finally, Los Angeles Capital Management LLC raised its holdings in Vistra by 205.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 192,482 shares of the company’s stock valued at $16,550,000 after buying an additional 129,549 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price objective on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Price Performance

VST opened at $80.06 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The business has a fifty day moving average of $80.20 and a 200 day moving average of $78.89. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $107.24. The stock has a market cap of $27.51 billion, a P/E ratio of 49.12 and a beta of 1.08.

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 quarter in the previous year, the company posted $1.03 earnings per share. As a group, sell-side analysts anticipate that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The business 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 represents a $0.88 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Vistra Company 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.