Vistra Corp. $VST Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in shares of Vistra Corp. (NYSE:VST) by 18.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,945 shares of the company’s stock after selling 21,247 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Vistra were worth $18,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,387 shares during the period. Peak Financial Advisors LLC purchased a new position in Vistra during the 2nd quarter valued at about $547,000. Envestnet Asset Management Inc. boosted its holdings in Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after acquiring an additional 57,551 shares during the period. Tcfg Wealth Management LLC purchased a new position in shares of Vistra in the 2nd quarter valued at about $258,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after buying an additional 381 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VST shares. The Goldman Sachs Group lifted their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $229.31.

Vistra Trading Down 0.4%

VST opened at $185.77 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The firm has a market cap of $62.94 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. The business’s 50 day moving average is $199.60 and its two-hundred day moving average is $177.12. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. 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 dividend yield of 0.5%. Vistra’s dividend payout ratio is presently 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the business’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 transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 632,966 shares of company stock valued at $130,462,677 over the last quarter. Insiders own 1.42% of the company’s stock.

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.