Foster & Motley Inc. Sells 305 Shares of Vistra Corp. (NYSE:VST)

Foster & Motley Inc. lessened its position in Vistra Corp. (NYSE:VST) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,914 shares of the company’s stock after selling 305 shares during the quarter. Foster & Motley Inc.’s holdings in Vistra were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Vistra by 19,070.8% during the 4th quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock valued at $214,426,000 after buying an additional 5,537,584 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Vistra in the 3rd quarter valued at $57,218,000. Deutsche Bank AG grew its holdings in shares of Vistra by 509.3% during the 3rd quarter. Deutsche Bank AG now owns 1,734,590 shares of the company’s stock valued at $57,554,000 after purchasing an additional 1,449,905 shares during the last quarter. Panagora Asset Management Inc. raised its position in Vistra by 1,767.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,472,090 shares of the company’s stock worth $48,844,000 after purchasing an additional 1,393,241 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Vistra by 1,701.3% in the third quarter. Federated Hermes Inc. now owns 1,469,484 shares of the company’s stock worth $48,757,000 after purchasing an additional 1,387,906 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 86,517 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total value of $5,114,019.87. Following the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $15,069,030.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 86,517 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,285 shares of company stock worth $15,404,397. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of VST stock opened at $70.46 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The stock has a fifty day moving average of $62.02 and a 200 day moving average of $45.81. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.68 and a beta of 1.05. Vistra Corp. has a 52 week low of $22.67 and a 52 week high of $75.89.

Vistra (NYSE:VST) last announced its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. As a group, research analysts expect that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.22%. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. Vistra’s dividend payout ratio is presently 24.02%.

Analyst Ratings Changes

Several research analysts have recently commented on VST shares. BMO Capital Markets lifted their price objective on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Janney Montgomery Scott assumed coverage on Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. Evercore ISI lifted their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $78.00 price target on shares of Vistra in a report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $67.20.

About Vistra

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.