Allspring Global Investments Holdings LLC Lowers Position in Vistra Corp. (NYSE:VST)

Allspring Global Investments Holdings LLC cut its stake in Vistra Corp. (NYSE:VST) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,021 shares of the company’s stock after selling 2,266 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vistra were worth $810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of Vistra by 32,652.4% in the fourth quarter. International Assets Investment Management LLC now owns 61,247 shares of the company’s stock worth $2,359,000 after purchasing an additional 61,060 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Vistra in the fourth quarter worth approximately $284,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Vistra in the fourth quarter worth approximately $380,000. Nisa Investment Advisors LLC raised its stake in shares of Vistra by 8.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 88,564 shares of the company’s stock worth $3,411,000 after purchasing an additional 6,813 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Vistra by 2.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 17,214 shares of the company’s stock worth $662,000 after purchasing an additional 384 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the completion of the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the completion of the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,285 shares of company stock worth $15,404,397. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of VST opened at $70.46 on Thursday. The firm has a market cap of $24.51 billion, a PE ratio of 19.68 and a beta of 1.05. The stock’s fifty day moving average price is $62.02 and its two-hundred day moving average price is $45.81. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. Vistra Corp. has a 1 year low of $22.67 and a 1 year high of $75.89.

Vistra (NYSE:VST) last issued its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. On average, equities research analysts forecast that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a $0.215 dividend. The ex-dividend date 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 1.22%. Vistra’s payout ratio is 24.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on VST shares. Evercore ISI increased their price target on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $78.00 price target on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets increased their price target on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Janney Montgomery Scott started coverage on Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target 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.