L & S Advisors Inc Sells 2,320 Shares of Vistra Corp. $VST

L & S Advisors Inc trimmed its position in Vistra Corp. (NYSE:VST) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 51,846 shares of the company’s stock after selling 2,320 shares during the period. Vistra accounts for approximately 1.0% of L & S Advisors Inc’s investment portfolio, making the stock its 23rd biggest position. L & S Advisors Inc’s holdings in Vistra were worth $10,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. bought a new stake in shares of Vistra in the first quarter worth $335,000. CWM LLC boosted its holdings in Vistra by 25.2% in the first quarter. CWM LLC now owns 10,448 shares of the company’s stock valued at $1,227,000 after acquiring an additional 2,101 shares during the last quarter. Sigma Planning Corp raised its holdings in Vistra by 5.6% during the 1st quarter. Sigma Planning Corp now owns 8,434 shares of the company’s stock worth $990,000 after purchasing an additional 447 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Vistra by 391.1% in the 1st quarter. Apollon Wealth Management LLC now owns 9,571 shares of the company’s stock worth $1,124,000 after purchasing an additional 7,622 shares during the period. Finally, Dakota Wealth Management increased its position in shares of Vistra by 61.0% during the first quarter. Dakota Wealth Management now owns 2,699 shares of the company’s stock worth $317,000 after buying an additional 1,023 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on VST shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vistra in a research report on Thursday, October 30th. Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Evercore ISI increased their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $234.21.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 745,845 shares of company stock valued at $152,178,104 in the last three months. 1.42% of the stock is owned by company insiders.

Vistra Price Performance

Shares of VST opened at $171.20 on Friday. The business’s fifty day moving average is $198.31 and its 200 day moving average is $185.91. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The stock has a market cap of $58.01 billion, a P/E ratio of 61.81, a P/E/G ratio of 2.23 and a beta of 1.30.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. Sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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