CenterBook Partners LP Sells 13,805 Shares of Vistra Corp. $VST

CenterBook Partners LP cut its stake in shares of Vistra Corp. (NYSE:VST) by 66.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,904 shares of the company’s stock after selling 13,805 shares during the period. CenterBook Partners LP’s holdings in Vistra were worth $1,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra during the 4th quarter worth approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Vistra in the 3rd quarter valued at $28,000. Salomon & Ludwin LLC boosted its holdings in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 92 shares during the period. Triumph Capital Management purchased a new position in shares of Vistra during the 3rd quarter valued at $38,000. Finally, Strive Asset Management LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $38,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VST shares. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and an average price target of $233.33.

Vistra Stock Down 5.4%

Shares of NYSE:VST opened at $138.30 on Thursday. The firm has a market capitalization of $46.63 billion, a PE ratio of 23.17 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The firm has a fifty day moving average of $153.73 and a 200 day moving average of $160.45.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

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

Insiders Place Their Bets

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by insiders.

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.