Raymond James Financial Services Advisors Inc. Decreases Stock Position in Vistra Corp. (NYSE:VST)

Raymond James Financial Services Advisors Inc. lowered its stake in Vistra Corp. (NYSE:VSTGet Rating) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,035 shares of the company’s stock after selling 8,558 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vistra were worth $3,025,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. purchased a new stake in Vistra in the 1st quarter worth $35,000. CWM LLC increased its holdings in shares of Vistra by 27.2% in the 2nd quarter. CWM LLC now owns 1,955 shares of the company’s stock worth $45,000 after buying an additional 418 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Vistra by 2,324.7% in the 1st quarter. Lazard Asset Management LLC now owns 2,158 shares of the company’s stock worth $50,000 after buying an additional 2,069 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of Vistra in the 1st quarter worth about $53,000. Finally, NuWave Investment Management LLC increased its holdings in shares of Vistra by 347.9% in the 3rd quarter. NuWave Investment Management LLC now owns 3,095 shares of the company’s stock worth $65,000 after buying an additional 2,404 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Insider Buying and Selling at Vistra

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

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reduced their target price on shares of Vistra from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, November 11th.

Vistra Stock Performance

Shares of NYSE:VST opened at $22.38 on Friday. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of -21.73 and a beta of 0.95. Vistra Corp. has a 12 month low of $20.26 and a 12 month high of $27.39. The firm’s 50-day moving average is $23.53 and its 200 day moving average is $23.60. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 3.32.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Tuesday, December 20th were given a $0.193 dividend. This represents a $0.77 annualized dividend and a yield of 3.45%. This is a boost from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, December 19th. Vistra’s payout ratio is -74.76%.

About Vistra

(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.

See Also

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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