Vistra Corp. (NYSE:VST) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Vistra Corp. (NYSE:VST) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 943,604 shares of the company’s stock after selling 19,538 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Vistra were worth $36,348,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in Vistra by 2.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 17,214 shares of the company’s stock valued at $662,000 after buying an additional 384 shares during the period. Advisors Asset Management Inc. increased its stake in Vistra by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,090 shares of the company’s stock valued at $368,000 after buying an additional 405 shares during the period. Blue Trust Inc. increased its stake in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the period. Commonwealth Equity Services LLC increased its stake in Vistra by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the company’s stock valued at $535,000 after buying an additional 460 shares during the period. Finally, Fifth Third Bancorp increased its stake in Vistra by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock valued at $52,000 after buying an additional 461 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $78.00 price objective on shares of Vistra in a research note on Monday, March 25th. Evercore ISI boosted their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets boosted their target price on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, Janney Montgomery Scott initiated coverage on shares of Vistra in a research report on Thursday. They set a “buy” rating and a $82.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $67.20.

Vistra Price Performance

Shares of NYSE VST opened at $65.66 on Friday. The firm has a market capitalization of $22.84 billion, a P/E ratio of 18.34 and a beta of 1.05. Vistra Corp. has a one year low of $22.67 and a one year high of $75.89. The company’s fifty day moving average is $61.06 and its two-hundred day moving average is $45.21. 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 released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Analysts forecast that Vistra Corp. will post 3.61 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were given a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change 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 payout ratio is currently 24.02%.

Insider Buying and Selling

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

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.