140 Summer Partners LP Sells 26,483 Shares of Vistra Corp. $VST

140 Summer Partners LP lowered its position in shares of Vistra Corp. (NYSE:VST) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,231 shares of the company’s stock after selling 26,483 shares during the period. Vistra comprises approximately 5.0% of 140 Summer Partners LP’s holdings, making the stock its 11th largest holding. 140 Summer Partners LP owned about 0.09% of Vistra worth $57,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Vistra by 1.4% in the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after purchasing an additional 226,514 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares during the period. Norges Bank bought a new position in shares of Vistra during the second quarter valued at approximately $930,080,000. Invesco Ltd. increased its holdings in Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after buying an additional 35,258 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Vistra by 11.3% during the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after buying an additional 303,573 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

Vistra Price Performance

Shares of NYSE VST opened at $159.09 on Friday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a market cap of $53.90 billion, a PE ratio of 73.31, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. The business has a 50-day simple moving average of $163.48 and a two-hundred day simple moving average of $178.34.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.27). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. As a group, equities analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a dividend of $0.228 per share. The ex-dividend date is Friday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is presently 41.94%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VST shares. Scotiabank upped their target price on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. KeyCorp started coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. Jefferies Financial Group raised Vistra from a “hold” rating to a “buy” rating and boosted their price target for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating and set a $241.00 price objective on shares of Vistra in a research note on Monday, March 2nd. Finally, Wells Fargo & Company dropped their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $236.40.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.