Vistra Corp. $VST Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC decreased its position in shares of Vistra Corp. (NYSE:VST) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,545 shares of the company’s stock after selling 345 shares during the period. Advisors Capital Management LLC’s holdings in Vistra were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after purchasing an additional 11,386 shares during the period. Northern Trust Corp increased its holdings in shares of Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after purchasing an additional 57,358 shares during the period. Nuveen LLC acquired a new position in shares of Vistra in the first quarter valued at approximately $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Vistra by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock valued at $172,717,000 after purchasing an additional 118,230 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vistra by 13.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,352,450 shares of the company’s stock valued at $186,462,000 after purchasing an additional 161,743 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Up 2.8%

Shares of NYSE:VST opened at $209.67 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 52-week low of $81.12 and a 52-week high of $216.85. The stock’s fifty day simple moving average is $196.55 and its 200-day simple moving average is $161.67. The company has a market capitalization of $71.04 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.19 and a beta of 1.33.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent research reports. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Jefferies Financial Group boosted their target price on Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a report on Friday, August 8th. Melius initiated coverage on Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target on the stock. The Goldman Sachs Group lifted their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets lifted their price target on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.