Redwood Wealth Management Group LLC Buys New Position in Vistra Corp. (NYSE:VST)

Redwood Wealth Management Group LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 301 shares of the company’s stock, valued at approximately $26,000.

A number of other large investors have also recently bought and sold shares of VST. Mather Group LLC. bought a new stake in shares of Vistra in the first quarter worth $26,000. EdgeRock Capital LLC bought a new stake in Vistra during the 2nd quarter worth about $34,000. New Covenant Trust Company N.A. acquired a new position in shares of Vistra during the 1st quarter worth about $32,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Vistra in the 2nd quarter valued at about $47,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Vistra by 38.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $85.55 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $107.24. The stock’s 50 day moving average price is $79.90 and its two-hundred day moving average price is $79.54. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 52.48 and a beta of 1.08.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company posted $1.03 EPS. On average, analysts anticipate that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.2195 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 53.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Jefferies Financial Group initiated coverage on Vistra in a report on Friday. They issued a “buy” rating and a $99.00 price objective for the company. Seven investment 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.com, Vistra currently has an average rating of “Buy” and an average price target of $89.43.

Vistra 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.