Corient Private Wealth LLC Sells 8,800 Shares of Vistra Corp. $VST

Corient Private Wealth LLC lowered its position in shares of Vistra Corp. (NYSE:VST) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,352 shares of the company’s stock after selling 8,800 shares during the quarter. Corient Private Wealth LLC’s holdings in Vistra were worth $25,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. CacheTech Inc. bought a new position in Vistra in the 2nd quarter worth $388,000. Adams Wealth Management purchased a new position in shares of Vistra in the second quarter valued at about $388,000. Valeo Financial Advisors LLC boosted its stake in shares of Vistra by 25.5% in the second quarter. Valeo Financial Advisors LLC now owns 7,966 shares of the company’s stock worth $1,544,000 after acquiring an additional 1,619 shares during the period. WT Wealth Management purchased a new stake in shares of Vistra during the second quarter worth about $234,000. Finally, Reynders McVeigh Capital Management LLC bought a new stake in Vistra during the 2nd quarter valued at approximately $262,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VST shares. Wells Fargo & Company initiated coverage on shares of Vistra in a research report on Monday, October 27th. They set an “overweight” rating and a $238.00 price objective on the stock. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. KeyCorp began coverage on shares of Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective for the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $232.40.

Insider Activity

In related news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction 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 sale, the executive vice president owned 306,600 shares in the company, valued at approximately $51,772,476. This represents a 15.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James A. Burke sold 41,426 shares of Vistra stock in a transaction on Monday, October 13th. The stock was sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the transaction, the chief executive officer directly owned 246,522 shares of the company’s stock, valued at $49,629,809.04. The trade was a 14.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 721,103 shares of company stock valued at $141,444,518. 1.42% of the stock is currently owned by insiders.

Vistra Stock Performance

Shares of NYSE:VST opened at $160.42 on Thursday. The firm has a fifty day simple moving average of $183.19 and a two-hundred day simple moving average of $190.10. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The stock has a market capitalization of $54.35 billion, a P/E ratio of 57.91, a PEG ratio of 2.99 and a beta of 1.39.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, analysts expect 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. Stockholders of record on Monday, December 22nd will be issued a $0.227 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is presently 32.49%.

About Vistra

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.