Kimelman & Baird LLC Acquires New Holdings in Vistra Corp. (NYSE:VST)

Kimelman & Baird LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, HoldingsChannel reports. The firm bought 6,200 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vistra during the second quarter worth $215,000. Invst LLC boosted its stake in Vistra by 1.7% in the 2nd quarter. Invst LLC now owns 15,617 shares of the company’s stock worth $1,364,000 after purchasing an additional 265 shares during the period. Seaport Global Advisors LLC bought a new position in Vistra during the 2nd quarter worth about $816,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vistra by 52.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 58,324 shares of the company’s stock valued at $5,015,000 after purchasing an additional 19,957 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Vistra by 38.1% in the second quarter. NewEdge Advisors LLC now owns 67,897 shares of the company’s stock valued at $5,838,000 after purchasing an additional 18,740 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE VST opened at $117.72 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $122.01. The firm’s fifty day moving average price is $83.63 and its two-hundred day moving average price is $82.78. The firm has a market capitalization of $40.44 billion, a P/E ratio of 72.22 and a beta of 1.08.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts anticipate that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.2195 dividend. This is a boost 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 of this dividend is Friday, September 20th. Vistra’s dividend payout ratio is currently 53.99%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VST. BMO Capital Markets increased their price objective on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Morgan Stanley upped their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Six research 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 presently has a consensus rating of “Buy” and an average target price of $110.83.

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.