Advisory Services Network LLC Sells 5,438 Shares of Vistra Corp. $VST

Advisory Services Network LLC cut its holdings in shares of Vistra Corp. (NYSE:VST) by 9.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,828 shares of the company’s stock after selling 5,438 shares during the period. Advisory Services Network LLC’s holdings in Vistra were worth $10,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA boosted its holdings in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Vistra during the second quarter worth $28,000. Anfield Capital Management LLC acquired a new stake in shares of Vistra in the 2nd quarter worth $29,000. City State Bank grew its stake in Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Vistra during the 1st quarter valued at about $37,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. Evercore ISI raised their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. KeyCorp began coverage on shares of Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $225.00 price target on shares of Vistra in a research report on Thursday, November 20th. Scotiabank began coverage on Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective on the stock. Finally, Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $233.20.

Vistra Stock Down 2.5%

Shares of VST opened at $170.20 on Monday. The company has a market capitalization of $57.67 billion, a price-to-earnings ratio of 61.44, a PEG ratio of 2.94 and a beta of 1.39. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock’s 50-day moving average price is $185.27 and its 200-day moving average price is $190.16. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last released its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra’s payout ratio is currently 32.49%.

Insider Activity

In other Vistra news, CEO James A. Burke sold 21,935 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total value of $4,091,535.55. Following the sale, the chief executive officer directly owned 271,074 shares of the company’s stock, valued at approximately $50,563,433.22. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This trade represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 762,937 shares of company stock valued at $151,499,955. Insiders own 1.42% of the company’s stock.

Vistra Company Profile

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.