Sumitomo Mitsui Trust Holdings Inc. Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Vistra Corp. (NYSE:VSTFree Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 920,518 shares of the company’s stock after selling 23,086 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Vistra worth $64,114,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System lifted its holdings in Vistra by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 82,500 shares of the company’s stock valued at $5,746,000 after purchasing an additional 1,900 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Vistra by 221.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,529 shares of the company’s stock worth $4,703,000 after buying an additional 46,508 shares in the last quarter. Hodges Capital Management Inc. boosted its position in Vistra by 15.2% during the first quarter. Hodges Capital Management Inc. now owns 26,550 shares of the company’s stock worth $1,850,000 after acquiring an additional 3,500 shares during the last quarter. OneAscent Wealth Management LLC acquired a new position in Vistra during the first quarter worth about $249,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Vistra by 1.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,735 shares of the company’s stock valued at $2,559,000 after acquiring an additional 568 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VST. Evercore ISI boosted their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Guggenheim raised Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets upped their target price on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Janney Montgomery Scott began coverage on Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $87.83.

Get Our Latest Analysis on Vistra

Vistra Trading Down 2.6 %

NYSE VST opened at $89.36 on Friday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. The stock has a market capitalization of $31.05 billion, a P/E ratio of 54.82 and a beta of 1.05. The firm’s 50-day moving average is $90.10 and its two-hundred day moving average is $65.72. Vistra Corp. has a 12 month low of $26.06 and a 12 month high of $107.24.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 24.72% and a net margin of 5.66%. On average, sell-side analysts anticipate that Vistra Corp. will post 3.95 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th were paid a dividend of $0.218 per share. The ex-dividend date was Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a yield of 0.98%. Vistra’s dividend payout ratio is 53.37%.

Insider Transactions at Vistra

In other Vistra news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the acquisition, the director now owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Vistra Profile

(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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