Phoenix Financial Ltd. Sells 10,062 Shares of Vistra Corp. $VST

Phoenix Financial Ltd. cut its holdings in shares of Vistra Corp. (NYSE:VST) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,317 shares of the company’s stock after selling 10,062 shares during the period. Phoenix Financial Ltd.’s holdings in Vistra were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Vistra during the third quarter worth $25,000. Archer Investment Corp lifted its stake in Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Vistra during the third quarter worth $28,000. Orion Capital Management LLC bought a new stake in Vistra during the third quarter worth $29,000. Finally, Triumph Capital Management bought a new stake in Vistra during the third quarter worth $38,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Down 1.4%

Shares of NYSE:VST opened at $139.92 on Friday. The firm has a market cap of $47.18 billion, a P/E ratio of 23.44, a P/E/G ratio of 0.81 and a beta of 1.43. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 12-month low of $137.81 and a 12-month high of $219.82. The business has a fifty day simple moving average of $156.34 and a 200 day simple moving average of $164.79.

Vistra (NYSE:VST) last announced its 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 during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Analysts predict that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the sale, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and upped their target price for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. TD Cowen dropped their price target on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Morgan Stanley reiterated an “overweight” rating and issued a $208.00 price target on shares of Vistra in a research note on Tuesday, April 21st. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $233.93.

Vistra 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.