Strategic Global Advisors LLC Decreases Stock Position in Vistra Corp. (NYSE:VST)

Strategic Global Advisors LLC lowered its stake in Vistra Corp. (NYSE:VSTFree Report) by 40.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,688 shares of the company’s stock after selling 19,313 shares during the quarter. Strategic Global Advisors LLC’s holdings in Vistra were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VST. Blue Trust Inc. lifted its stake in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Vistra by 64.4% in the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Rise Advisors LLC purchased a new stake in Vistra in the 4th quarter worth $35,000. Fifth Third Bancorp lifted its stake in Vistra by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock worth $52,000 after purchasing an additional 461 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $88.27 on Tuesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. Vistra Corp. has a 1-year low of $24.60 and a 1-year high of $107.24. The firm has a market capitalization of $30.67 billion, a P/E ratio of 54.15 and a beta of 1.03. The company’s 50-day moving average is $82.91 and its 200 day moving average is $58.85.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. Research analysts forecast that Vistra Corp. will post 3.8 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a $0.218 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra’s dividend payout ratio is currently 52.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VST shares. Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Evercore ISI upped their target price on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Janney Montgomery Scott started coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price on the stock. UBS Group upped their target price on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $87.83.

Read Our Latest Research Report on Vistra

Insiders Place Their Bets

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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