Vistra Corp. (NYSE:VST) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in Vistra Corp. (NYSE:VST) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,850 shares of the company’s stock after selling 450 shares during the period. International Assets Investment Management LLC’s holdings in Vistra were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Vistra by 29.3% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,754 shares of the company’s stock worth $3,074,000 after buying an additional 8,111 shares during the last quarter. Bricktown Capital LLC acquired a new position in Vistra during the second quarter worth $5,718,000. Center For Asset Management LLC boosted its stake in Vistra by 12.7% during the second quarter. Center For Asset Management LLC now owns 8,484 shares of the company’s stock worth $729,000 after buying an additional 958 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vistra by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,066 shares of the company’s stock worth $5,766,000 after buying an additional 7,910 shares during the last quarter. Finally, Dantai Capital Ltd acquired a new position in Vistra during the second quarter worth $1,230,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $85.43 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $29.35 billion, a P/E ratio of 52.41 and a beta of 1.05. Vistra Corp. has a 52 week low of $30.36 and a 52 week high of $107.24. The stock’s fifty day moving average is $81.90 and its two-hundred day moving average is $77.15.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities analysts expect that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Insider Activity at Vistra

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VST. Guggenheim raised Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. UBS Group boosted 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. BMO Capital Markets lifted their target price on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Morgan Stanley lifted their target price on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Six investment 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, Vistra has a consensus rating of “Buy” and a consensus price target of $87.83.

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.