Robeco Institutional Asset Management B.V. Cuts Stake in Vistra Corp. (NYSE:VST)

Robeco Institutional Asset Management B.V. lessened its position in shares of Vistra Corp. (NYSE:VSTGet Rating) by 29.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,334 shares of the company’s stock after selling 14,430 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vistra were worth $742,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Vistra by 24.2% in the 2nd quarter. FMR LLC now owns 29,685,750 shares of the company’s stock valued at $678,320,000 after purchasing an additional 5,786,238 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Vistra by 2,443.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock worth $41,418,000 after acquiring an additional 1,711,407 shares during the last quarter. PointState Capital LP bought a new stake in shares of Vistra during the 1st quarter worth approximately $32,716,000. Cowa LLC lifted its stake in shares of Vistra by 9,938.8% during the 1st quarter. Cowa LLC now owns 1,158,579 shares of the company’s stock worth $269,000 after acquiring an additional 1,147,038 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Vistra by 102.4% during the 2nd quarter. Prudential Financial Inc. now owns 2,204,605 shares of the company’s stock worth $50,375,000 after acquiring an additional 1,115,522 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Insider Activity

In other Vistra news, Director Scott B. Helm bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average cost of $23.87 per share, for a total transaction of $238,700.00. Following the purchase, the director now directly owns 308,201 shares in the company, valued at $7,356,757.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Vistra news, Director Scott B. Helm bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average cost of $23.87 per share, for a total transaction of $238,700.00. Following the purchase, the director now directly owns 308,201 shares in the company, valued at $7,356,757.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brookfield Asset Management In sold 2,135,176 shares of Vistra stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $24.09, for a total value of $51,436,389.84. Following the sale, the insider now directly owns 13,281,712 shares of the company’s stock, valued at approximately $319,956,442.08. The disclosure for this sale can be found here. In the last three months, insiders have purchased 30,000 shares of company stock worth $701,200. 1.47% of the stock is currently owned by company insiders.

Vistra Trading Down 1.4 %

VST opened at $22.38 on Friday. The stock’s fifty day moving average is $23.53 and its two-hundred day moving average is $23.59. The company has a market capitalization of $8.91 billion, a P/E ratio of -21.73 and a beta of 0.95. Vistra Corp. has a 52 week low of $20.26 and a 52 week high of $27.39. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 3.32.

Vistra (NYSE:VSTGet Rating) last released its quarterly earnings data on Friday, November 4th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.24). Vistra had a positive return on equity of 44.82% and a negative net margin of 1.94%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Analysts forecast that Vistra Corp. will post 1.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Tuesday, December 20th were issued a $0.193 dividend. The ex-dividend date was Monday, December 19th. This is an increase from Vistra’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.45%. Vistra’s dividend payout ratio (DPR) is currently -74.76%.

Analysts Set New Price Targets

Separately, Morgan Stanley decreased their price target on Vistra from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, November 11th.

Vistra Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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