Adams Diversified Equity Fund Inc. Lowers Stock Holdings in Vistra Corp. $VST

Adams Diversified Equity Fund Inc. reduced its position in Vistra Corp. (NYSE:VST) by 49.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,900 shares of the company’s stock after selling 18,500 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Vistra were worth $2,841,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VST. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Vistra in the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Vistra during the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra in the fourth quarter worth $30,000. Finally, Triumph Capital Management bought a new position in shares of Vistra in the third quarter worth $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the transaction, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,588 shares of company stock valued at $6,739,227 over the last quarter. 0.92% of the stock is owned by company insiders.

Vistra Stock Performance

NYSE VST opened at $163.69 on Friday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market capitalization of $55.19 billion, a P/E ratio of 27.42 and a beta of 1.40. The company has a fifty day moving average of $154.82 and a 200-day moving average of $159.37.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, equities research analysts predict that Vistra Corp. will post 9.52 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. Stockholders of record on Monday, June 22nd will be issued a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.41%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VST. Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. dropped their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday. Finally, TD Cowen cut their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $230.31.

Vistra Company 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.