Vistra Corp. $VST Stake Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 585,061 shares of the company’s stock after selling 10,312 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vistra were worth $96,670,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VST. Salomon & Ludwin LLC bought a new position in Vistra in the third quarter worth about $25,000. Quent Capital LLC bought a new position in shares of Vistra during the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Vistra during the second quarter valued at approximately $28,000. Archer Investment Corp raised its position in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Up 1.8%

Vistra stock opened at $150.22 on Wednesday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a market cap of $50.86 billion, a price-to-earnings ratio of 69.22, a PEG ratio of 0.90 and a beta of 1.42. The company’s 50-day moving average price is $161.14 and its two-hundred day moving average price is $174.98. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. On average, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were paid a $0.228 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.91 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 presently 41.94%.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s 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 transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America dropped their target price on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Scotiabank upped their price target on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. BMO Capital Markets restated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Friday, February 6th. Finally, Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $236.87.

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.