Vistra Corp. $VST Shares Sold by Vestcor Inc

Vestcor Inc decreased its position in shares of Vistra Corp. (NYSE:VST) by 50.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,500 shares of the company’s stock after selling 12,850 shares during the quarter. Vestcor Inc’s holdings in Vistra were worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. increased its position in Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after buying an additional 53 shares during the period. Y.D. More Investments Ltd increased its position in Vistra by 7.1% during the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after buying an additional 61 shares during the period. Equitable Holdings Inc. increased its position in Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after buying an additional 61 shares during the period. SOA Wealth Advisors LLC. increased its position in Vistra by 21.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after buying an additional 65 shares during the period. Finally, Catalyst Financial Partners LLC increased its position in Vistra by 2.5% during the third quarter. Catalyst Financial Partners LLC now owns 2,798 shares of the company’s stock worth $548,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on VST shares. JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company lowered their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research note on Monday, March 2nd. Raymond James Financial set a $208.00 target price on Vistra in a research note on Monday, April 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $233.33.

Insider Transactions at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Down 0.0%

Vistra stock opened at $148.72 on Monday. The stock’s 50 day moving average price is $154.21 and its 200 day moving average price is $161.13. The company has a market cap of $50.15 billion, a PE ratio of 24.91 and a beta of 1.40. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. On average, sell-side analysts predict that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Vistra Company Profile

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.