Denali Advisors LLC Sells 526 Shares of Vistra Corp. $VST

Denali Advisors LLC reduced its holdings in Vistra Corp. (NYSE:VST) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,119 shares of the company’s stock after selling 526 shares during the quarter. Vistra accounts for about 1.0% of Denali Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Denali Advisors LLC’s holdings in Vistra were worth $9,907,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Verdence Capital Advisors LLC increased its holdings in shares of Vistra by 2.2% in the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after acquiring an additional 71 shares in the last quarter. Red Mountain Financial LLC increased its holdings in shares of Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after acquiring an additional 75 shares in the last quarter. Global Financial Private Client LLC increased its holdings in shares of Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after acquiring an additional 76 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 632,966 shares of company stock worth $130,462,677 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Scotiabank assumed coverage on Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $229.31.

Vistra Stock Performance

Shares of NYSE VST opened at $186.29 on Wednesday. The stock has a 50 day moving average price of $200.00 and a 200 day moving average price of $177.06. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The stock has a market capitalization of $63.12 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33.

Vistra (NYSE:VST) last issued its quarterly 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is currently 14.35%.

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.