Strs Ohio Sells 9,690 Shares of Vistra Corp. (NYSE:VST)

Strs Ohio cut its holdings in shares of Vistra Corp. (NYSE:VST) by 13.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,030 shares of the company’s stock after selling 9,690 shares during the period. Strs Ohio’s holdings in Vistra were worth $2,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in Vistra during the 3rd quarter worth about $26,000. Blue Trust Inc. increased its stake in shares of Vistra by 160.7% during the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Vistra during the 3rd quarter worth about $29,000. Quarry LP acquired a new position in shares of Vistra during the 2nd quarter worth about $29,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Vistra during the 1st quarter worth about $32,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 0.3 %

Shares of VST opened at $65.66 on Friday. Vistra Corp. has a 52 week low of $22.67 and a 52 week high of $75.89. The firm has a market cap of $22.84 billion, a P/E ratio of 18.34 and a beta of 1.05. The firm’s 50-day simple moving average is $61.06 and its 200 day simple moving average is $45.12. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18.

Vistra (NYSE:VST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. On average, analysts forecast that Vistra Corp. will post 4.24 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.31%. Vistra’s dividend payout ratio (DPR) is currently 24.02%.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at $9,470,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at $9,470,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott A. Hudson sold 86,517 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $15,069,030.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,285 shares of company stock worth $15,404,397. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VST shares. BMO Capital Markets boosted their price objective on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Morgan Stanley restated an “overweight” rating and set a $78.00 price objective on shares of Vistra in a research note on Monday, March 25th. Janney Montgomery Scott started coverage on shares of Vistra in a research note on Thursday. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $67.20.

Vistra Company Profile

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 states in the United States and the District of Columbia.