Milestone Asset Management LLC Acquires 7,149 Shares of Vistra Corp. $VST

by · The Markets Daily

Milestone Asset Management LLC grew its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 34.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,095 shares of the company’s stock after buying an additional 7,149 shares during the period. Vistra makes up 1.0% of Milestone Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Milestone Asset Management LLC’s holdings in Vistra were worth $5,504,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VST. Banque Transatlantique SA lifted its position in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Vistra in the second quarter valued at $28,000. Anfield Capital Management LLC acquired a new position in shares of Vistra during the second quarter valued at about $29,000. City State Bank boosted its position in shares of Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 41,426 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer 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 filing with the SEC, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the firm’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 sale, the executive vice president owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 614,271 shares of company stock worth $119,303,543. 1.42% of the stock is owned by company insiders.

Vistra Stock Up 0.2%

Vistra stock opened at $161.95 on Thursday. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of $54.87 billion, a PE ratio of 58.47, a price-to-earnings-growth ratio of 2.94 and a beta of 1.39. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm’s 50-day simple moving average is $178.82 and its 200 day simple moving average is $189.78.

Vistra (NYSE:VST – Get Free Report) last posted its earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion for 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%. Research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a $0.227 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is presently 32.85%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VST. Evercore ISI upped their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $228.00 price target on shares of Vistra in a research report on Tuesday, December 16th. Cowen initiated coverage on shares of Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $232.40.

Get Our Latest Research Report on Vistra

Vistra Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).