Cumberland Partners Ltd Sells 19,025 Shares of Vistra Corp. $VST

Cumberland Partners Ltd decreased its stake in shares of Vistra Corp. (NYSE:VST) by 65.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the company’s stock after selling 19,025 shares during the period. Cumberland Partners Ltd’s holdings in Vistra were worth $1,503,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Vistra during the fourth quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in Vistra in the 4th quarter valued at $30,000. Strive Financial Group LLC acquired a new position in Vistra in the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC increased its position in Vistra by 74.8% during the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of NYSE:VST opened at $163.15 on Friday. The firm has a 50 day moving average of $156.05 and a 200-day moving average of $158.47. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $55.01 billion, a PE ratio of 27.33 and a beta of 1.40.

Vistra (NYSE:VST) last posted its quarterly earnings results 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 business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, equities research analysts predict that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.229 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is 15.41%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent research reports. Seaport Research Partners reissued a “buy” rating and issued a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. Zacks Research upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Vistra in a research report on Wednesday. Finally, Scotiabank lifted their price objective on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $230.62.

Insiders Place Their Bets

In related news, Director John R. Sult sold 6,500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the sale, the director directly owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is owned by company insiders.

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.