denkapparat Operations GmbH Sells 756 Shares of Vistra Corp. $VST

denkapparat Operations GmbH lessened its stake in shares of Vistra Corp. (NYSE:VST) by 28.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,896 shares of the company’s stock after selling 756 shares during the period. denkapparat Operations GmbH’s holdings in Vistra were worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ELCO Management Co. LLC bought a new position in Vistra in the 2nd quarter worth approximately $499,000. Peak Financial Advisors LLC acquired a new stake in shares of Vistra in the second quarter worth $547,000. Tcfg Wealth Management LLC bought a new position in Vistra during the second quarter worth $258,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Vistra by 55.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock worth $1,208,000 after acquiring an additional 2,220 shares during the period. Finally, Modus Advisors LLC raised its stake in Vistra by 5.9% during the 2nd quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock valued at $4,346,000 after purchasing an additional 1,240 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 9,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $192.30, for a total transaction of $1,853,964.30. Following the completion of the sale, the chief executive officer owned 298,967 shares of the company’s stock, valued at approximately $57,491,354.10. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 723,910 shares of company stock worth $148,086,569 over the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen began coverage on shares of Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target on the stock. BMO Capital Markets lifted their target price on Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. Wells Fargo & Company initiated coverage on Vistra in a report on Monday, October 27th. They issued an “overweight” rating and a $238.00 price target for the company. Finally, Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $234.21.

Vistra Stock Performance

NYSE:VST opened at $178.19 on Thursday. The firm has a market capitalization of $60.38 billion, a PE ratio of 64.33, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm has a 50-day moving average price of $198.68 and a 200 day moving average price of $186.01.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, November 6th. 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 company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

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.