Seaport Global Advisors LLC Makes New $816,000 Investment in Vistra Corp. (NYSE:VST)

Seaport Global Advisors LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,495 shares of the company’s stock, valued at approximately $816,000. Vistra makes up about 2.9% of Seaport Global Advisors LLC’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of VST. Redwood Wealth Management Group LLC bought a new stake in Vistra during the second quarter worth approximately $26,000. Mather Group LLC. bought a new position in Vistra in the 1st quarter worth $26,000. EdgeRock Capital LLC acquired a new position in Vistra during the 2nd quarter worth $34,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the first quarter valued at about $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Vistra in the second quarter valued at about $47,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Up 3.1 %

Shares of Vistra stock opened at $117.72 on Monday. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $122.01. The firm has a market capitalization of $40.44 billion, a PE ratio of 72.22 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The company’s fifty day moving average price is $83.63 and its two-hundred day moving average price is $82.78.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the previous year, the company posted $1.03 earnings per share. On average, analysts expect that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is currently 53.99%.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets increased their price target on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $110.83.

About Vistra

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.