Elevatus Welath Management Acquires Shares of 28,146 Vistra Corp. $VST

by · The Cerbat Gem

Elevatus Welath Management bought a new position in Vistra Corp. (NYSE:VST – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 28,146 shares of the company’s stock, valued at approximately $5,455,000. Vistra comprises about 1.8% of Elevatus Welath Management’s holdings, making the stock its 19th largest position.

A number of other institutional investors have also recently made changes to their positions in VST. Benjamin Edwards Inc. bought a new stake in Vistra during the first quarter worth approximately $558,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Vistra by 25.2% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,267 shares of the company’s stock worth $1,323,000 after purchasing an additional 2,267 shares during the period. Boston Partners bought a new position in shares of Vistra during the 1st quarter valued at approximately $2,354,000. Holderness Investments Co. purchased a new stake in Vistra during the 1st quarter valued at $231,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Vistra by 4,223.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,500 shares of the company’s stock worth $8,632,000 after buying an additional 71,800 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 41,426 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the transaction, the chief executive officer directly owned 246,522 shares in the company, valued at approximately $49,629,809.04. This trade represents a 14.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. This trade represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 784,299 shares of company stock valued at $155,981,703. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VST shares. BMO Capital Markets boosted their price objective on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wells Fargo & Company started coverage on shares of Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 price target on the stock. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. increased their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $233.20.

Check Out Our Latest Stock Report on VST

Vistra Stock Performance

Shares of NYSE:VST opened at $170.20 on Friday. The firm’s 50 day simple moving average is $185.27 and its 200-day simple moving average is $189.78. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The firm has a market cap of $57.67 billion, a PE ratio of 61.44, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39.

Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

Vistra Profile

(Free Report)

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.

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