Vistra Corp. (NYSE:VST) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in Vistra Corp. (NYSE:VSTFree Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 295,606 shares of the company’s stock after selling 21,357 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Vistra worth $11,387,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Vistra in the 3rd quarter valued at about $713,000. Janney Montgomery Scott LLC lifted its stake in shares of Vistra by 6.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,193 shares of the company’s stock valued at $4,652,000 after purchasing an additional 8,798 shares in the last quarter. Pathstone Family Office LLC acquired a new position in shares of Vistra in the 3rd quarter valued at about $304,000. HighTower Advisors LLC lifted its position in Vistra by 10.4% during the 3rd quarter. HighTower Advisors LLC now owns 139,558 shares of the company’s stock worth $4,622,000 after acquiring an additional 13,148 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Vistra by 46.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 39,800 shares of the company’s stock worth $1,321,000 after acquiring an additional 12,700 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VST shares. Evercore ISI lifted their price objective on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley boosted their price target on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. UBS Group upped their price objective on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Janney Montgomery Scott assumed 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. Finally, Guggenheim upgraded Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $87.83.

View Our Latest Stock Analysis on VST

Insiders Place Their Bets

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 3.8 %

Shares of NYSE VST opened at $88.27 on Tuesday. Vistra Corp. has a 12 month low of $24.60 and a 12 month high of $107.24. The company has a market cap of $30.67 billion, a price-to-earnings ratio of 54.98 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. The business has a fifty day simple moving average of $82.91 and a 200-day simple moving average of $58.85.

Vistra (NYSE:VSTGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.39). The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. Sell-side analysts predict that Vistra Corp. will post 3.8 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 0.99%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra’s payout ratio is presently 52.76%.

About Vistra

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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