Vistra Corp. $VST Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lessened its stake in shares of Vistra Corp. (NYSE:VST) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,600 shares of the company’s stock after selling 25,100 shares during the quarter. Vistra comprises about 1.4% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 20th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Vistra were worth $27,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC lifted its position in Vistra by 24.1% in the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock valued at $2,371,000 after acquiring an additional 3,920 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Vistra by 40.7% during the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,312 shares during the last quarter. Focus Partners Wealth increased its position in shares of Vistra by 37.3% during the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after purchasing an additional 2,125 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vistra during the second quarter worth about $269,000. Finally, Slocum Gordon & Co LLP increased its position in shares of Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $150.98 on Monday. The company has a 50-day simple moving average of $154.37 and a 200-day simple moving average of $158.86. Vistra Corp. has a one year low of $132.66 and a one year 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 stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 25.29 and a beta of 1.40.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. On average, analysts predict that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 15.41%.

Wall Street Analyst Weigh In

VST has been the subject of a number of research analyst reports. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research note on Monday, June 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Two 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’s stock. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus target price of $230.31.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director directly owned 70,714 shares in the company, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last 90 days. Insiders own 0.92% of the company’s stock.

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.