Vistra Corp. $VST Shares Sold by Choreo LLC

Choreo LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,598 shares of the company’s stock after selling 715 shares during the period. Choreo LLC’s holdings in Vistra were worth $1,085,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VST. Mackenzie Financial Corp lifted its position in Vistra by 78.4% during the first quarter. Mackenzie Financial Corp now owns 52,614 shares of the company’s stock valued at $6,179,000 after purchasing an additional 23,118 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Vistra by 52.6% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,698 shares of the company’s stock valued at $317,000 after buying an additional 930 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Vistra in the 1st quarter valued at about $474,000. Harbour Investments Inc. boosted its stake in shares of Vistra by 53.8% in the first quarter. Harbour Investments Inc. now owns 1,860 shares of the company’s stock worth $218,000 after buying an additional 651 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Vistra during the first quarter worth about $222,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

VST opened at $179.00 on Friday. The firm’s fifty day simple moving average is $191.92 and its two-hundred day simple moving average is $189.01. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a market cap of $60.65 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 3.08 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s payout ratio is currently 32.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen began coverage on Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Wells Fargo & Company began coverage on shares of Vistra in a report on Monday, October 27th. They issued an “overweight” rating and a $238.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research note on Tuesday. Finally, Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Vistra has an average rating of “Buy” and a consensus price target of $233.20.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of Vistra 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 sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the sale, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. The trade was a 21.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 868,339 shares of company stock worth $173,242,584 over the last quarter. 1.42% of the stock is currently owned by corporate insiders.

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.