Vistra Corp. (NYSE:VST) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its stake in shares of Vistra Corp. (NYSE:VSTGet Rating) by 19.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,094 shares of the company’s stock after selling 2,504 shares during the period. Stephens Inc. AR’s holdings in Vistra were worth $235,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its position in Vistra by 7.2% during the first quarter. Commonwealth Equity Services LLC now owns 21,845 shares of the company’s stock worth $507,000 after acquiring an additional 1,464 shares during the period. Ropes Wealth Advisors LLC acquired a new position in Vistra during the first quarter worth $2,022,000. Versor Investments LP raised its position in Vistra by 175.2% during the first quarter. Versor Investments LP now owns 27,800 shares of the company’s stock worth $646,000 after acquiring an additional 17,700 shares during the period. Arizona State Retirement System raised its position in Vistra by 2.3% during the first quarter. Arizona State Retirement System now owns 120,909 shares of the company’s stock worth $2,811,000 after acquiring an additional 2,674 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Vistra by 11.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,183,353 shares of the company’s stock valued at $50,764,000 after buying an additional 220,927 shares during the last quarter.

Vistra Price Performance

Vistra stock opened at $24.60 on Friday. Vistra Corp. has a 12-month low of $16.51 and a 12-month high of $27.39. The stock has a market cap of $10.62 billion, a P/E ratio of 30.37 and a beta of 0.89. The company has a 50-day moving average price of $23.93 and a 200 day moving average price of $23.53. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.98.

Vistra (NYSE:VSTGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.29). Vistra had a return on equity of 13.60% and a net margin of 4.03%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.71 billion. Sell-side analysts anticipate that Vistra Corp. will post 1.55 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 21st will be given a dividend of $0.184 per share. This is a boost from Vistra’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 87.65%.

Insider Buying and Selling

In other Vistra news, insider Brookfield Asset Management In sold 756,921 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $24.64, for a total transaction of $18,650,533.44. Following the completion of the transaction, the insider now owns 15,127,011 shares of the company’s stock, valued at $372,729,551.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO James A. Burke bought 12,938 shares of the stock in a transaction on Thursday, May 12th. The stock was bought at an average price of $23.19 per share, with a total value of $300,032.22. Following the completion of the purchase, the chief financial officer now directly owns 369,260 shares in the company, valued at approximately $8,563,139.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brookfield Asset Management In sold 756,921 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $24.64, for a total transaction of $18,650,533.44. Following the transaction, the insider now directly owns 15,127,011 shares of the company’s stock, valued at approximately $372,729,551.04. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 76,238 shares of company stock worth $1,776,292 and sold 2,133,255 shares worth $53,458,282. 1.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on VST. Morgan Stanley increased their target price on shares of Vistra from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. TheStreet cut shares of Vistra from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th.

About Vistra

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Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia.

See Also

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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