Vistra Corp. $VST Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 13.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,210 shares of the company’s stock after selling 819 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Vistra were worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VST. Gotham Asset Management LLC increased its stake in Vistra by 39.9% during the 1st quarter. Gotham Asset Management LLC now owns 89,123 shares of the company’s stock worth $10,467,000 after buying an additional 25,419 shares in the last quarter. Encompass Capital Advisors LLC grew its stake in shares of Vistra by 21.2% in the 1st quarter. Encompass Capital Advisors LLC now owns 576,987 shares of the company’s stock valued at $67,761,000 after buying an additional 100,866 shares during the period. Cinctive Capital Management LP raised its stake in shares of Vistra by 6.2% in the 1st quarter. Cinctive Capital Management LP now owns 256,163 shares of the company’s stock valued at $30,084,000 after acquiring an additional 14,924 shares during the period. Banque Transatlantique SA raised its stake in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Vistra by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 256,737 shares of the company’s stock valued at $29,009,000 after acquiring an additional 37,507 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Shares of NYSE:VST opened at $209.67 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The business’s 50 day moving average is $196.55 and its 200-day moving average is $161.57. Vistra Corp. has a 1-year low of $81.12 and a 1-year high of $216.85. The firm has a market capitalization of $71.04 billion, a PE ratio of 33.44, a PEG ratio of 3.19 and a beta of 1.33.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra’s payout ratio is presently 14.35%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. Jefferies Financial Group upped their price target on Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a report on Friday, August 8th. The Goldman Sachs Group increased their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. BMO Capital Markets increased their price target on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra has an average rating of “Moderate Buy” and an average target price of $201.43.

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.