Boston Partners Sells 4,252 Shares of Vistra Corp. $VST

Boston Partners lowered its position in Vistra Corp. (NYSE:VST) by 21.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,791 shares of the company’s stock after selling 4,252 shares during the quarter. Boston Partners’ holdings in Vistra were worth $3,060,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VST. ELCO Management Co. LLC purchased a new position in Vistra during the second quarter worth about $499,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Vistra in the 2nd quarter worth approximately $292,000. Peak Financial Advisors LLC purchased a new position in shares of Vistra during the 2nd quarter worth approximately $547,000. Kirr Marbach & Co. LLC IN increased its holdings in Vistra by 0.9% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock valued at $32,698,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Vistra by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after purchasing an additional 35,444 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. KeyCorp began coverage on Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, September 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $233.20.

Vistra Price Performance

Shares of NYSE:VST opened at $179.00 on Friday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The firm has a market capitalization of $60.65 billion, a P/E ratio of 64.62, a P/E/G ratio of 3.08 and a beta of 1.30. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The company’s fifty day moving average price is $191.92 and its 200 day moving average price is $189.01.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.227 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is 32.49%.

Insider Activity

In other news, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares in the company, valued at $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James A. Burke sold 43,074 shares of the stock in a transaction on 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 sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 868,339 shares of company stock valued at $173,242,584. Company insiders own 1.42% of the company’s stock.

Vistra 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.