Cetera Investment Advisers Has $28.97 Million Position in Vistra Corp. $VST

Cetera Investment Advisers lowered its stake in shares of Vistra Corp. (NYSE:VST) by 14.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,694 shares of the company’s stock after selling 33,367 shares during the quarter. Cetera Investment Advisers’ holdings in Vistra were worth $28,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Equitable Holdings Inc. raised its position in shares of Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after purchasing an additional 61 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in shares of Vistra by 21.7% during the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after buying an additional 65 shares during the period. UMB Bank n.a. grew its stake in Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after buying an additional 65 shares during the last quarter. Rothschild Investment LLC grew its stake in Vistra by 2.9% in the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after buying an additional 68 shares during the last quarter. Finally, Outlook Wealth Advisors LLC raised its holdings in Vistra by 4.9% in the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock worth $227,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of the 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 completion of the sale, the chief accounting officer owned 14,360 shares in the company, valued at approximately $2,368,825.60. This trade represents a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock worth $6,739,227 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on VST shares. Zacks Research raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. 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 research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vistra has an average rating of “Buy” and an average target price of $230.62.

Vistra Trading Down 0.1%

Shares of Vistra stock opened at $163.15 on Monday. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company’s fifty day simple moving average is $156.05 and its 200-day simple moving average is $158.44. The company has a market cap of $55.01 billion, a price-to-earnings ratio of 27.33 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. As a group, sell-side analysts expect 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. Stockholders of record on Monday, June 22nd were issued a dividend of $0.229 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.41%.

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.