LPL Financial LLC cut its holdings in Vistra Corp. (NYSE:VST – Free Report) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,314 shares of the company’s stock after selling 4,285 shares during the period. LPL Financial LLC’s holdings in Vistra were worth $2,686,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Vistra in the first quarter worth $29,000. Allworth Financial LP increased its position in shares of Vistra by 48.9% in the second quarter. Allworth Financial LP now owns 1,205 shares of the company’s stock valued at $32,000 after acquiring an additional 396 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Vistra in the first quarter valued at about $32,000. 1832 Asset Management L.P. purchased a new position in shares of Vistra in the first quarter valued at about $35,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Vistra by 156.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,623 shares of the company’s stock valued at $39,000 after acquiring an additional 989 shares during the period. 91.31% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on VST shares. BMO Capital Markets boosted their price objective on shares of Vistra from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Bank of America boosted their price objective on shares of Vistra from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, September 21st. Finally, Morgan Stanley boosted their price objective on shares of Vistra from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, September 21st.
Vistra Price Performance
Shares of NYSE VST opened at $34.67 on Thursday. Vistra Corp. has a 1 year low of $21.18 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.17 and a quick ratio of 1.08. The company’s 50-day moving average is $32.87 and its 200 day moving average is $28.62. The stock has a market capitalization of $12.74 billion, a P/E ratio of 9.47 and a beta of 0.92.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.21. Vistra had a net margin of 9.60% and a return on equity of 22.75%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.78 billion. On average, sell-side analysts expect that Vistra Corp. will post 3.54 earnings per share for the current year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 20th will be given a dividend of $0.213 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.85 annualized dividend and a dividend yield of 2.46%. This is a boost from Vistra’s previous quarterly dividend of $0.21. Vistra’s payout ratio is currently 23.22%.
Insider Activity at Vistra
In other Vistra news, EVP Stephanie Zapata Moore sold 122,662 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $30.57, for a total value of $3,749,777.34. Following the sale, the executive vice president now owns 137,782 shares in the company, valued at $4,211,995.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.
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.
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