Bank of Hawaii Sells 10,408 Shares of Vistra Corp. $VST

Bank of Hawaii reduced its stake in shares of Vistra Corp. (NYSE:VST) by 52.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,264 shares of the company’s stock after selling 10,408 shares during the period. Bank of Hawaii’s holdings in Vistra were worth $1,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Vistra in the fourth quarter valued at approximately $746,729,000. Capital World Investors bought a new stake in Vistra during the fourth quarter worth $574,499,000. Rubric Capital Management LP purchased a new stake in Vistra in the 4th quarter valued at $322,660,000. Amundi raised its position in Vistra by 72.3% in the 4th quarter. Amundi now owns 1,949,568 shares of the company’s stock valued at $314,524,000 after buying an additional 817,876 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Vistra by 585.0% during the 4th quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after acquiring an additional 775,104 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 0.1%

VST stock opened at $163.59 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The stock has a market capitalization of $55.16 billion, a price-to-earnings ratio of 27.40 and a beta of 1.40. The firm’s fifty day simple moving average is $154.21 and its two-hundred day simple moving average is $159.63.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, analysts anticipate that Vistra Corp. will post 9.31 earnings per share for the current 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 given a $0.229 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio is currently 15.24%.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 35,088 shares of company stock valued at $5,634,227 over the last 90 days. Insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Thursday, May 21st. BMO Capital Markets reissued an “outperform” rating and set a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. Jefferies Financial Group restated a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $230.44.

About Vistra

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.