J. Safra Sarasin Holding AG Has $3.69 Million Position in Vistra Corp. $VST

J. Safra Sarasin Holding AG decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,853 shares of the company’s stock after selling 3,266 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Vistra were worth $3,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new stake in shares of Vistra during the 3rd quarter worth about $25,000. Quent Capital LLC acquired a new stake in Vistra during the third quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra during the second quarter worth approximately $28,000. Anfield Capital Management LLC bought a new stake in shares of Vistra during the second quarter worth approximately $29,000. Finally, Orion Capital Management LLC acquired a new position in shares of Vistra in the third quarter valued at approximately $29,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the sale, the chief executive officer directly owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 166,680 shares of company stock valued at $28,761,790. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $164.19 on Wednesday. The business’s 50-day moving average price is $166.93 and its 200-day moving average price is $186.25. The company has a current ratio of 0.99, a quick ratio of 0.88 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 market capitalization of $55.63 billion, a price-to-earnings ratio of 59.27, a PEG ratio of 0.96 and a beta of 1.41.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.227 dividend. 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 0.6%. The ex-dividend date of this dividend was Monday, December 22nd. Vistra’s payout ratio is presently 32.85%.

Analysts Set New Price Targets

Several analysts recently weighed in on VST shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. TD Cowen initiated coverage on shares of Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. Evercore ISI raised their price target on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. UBS Group raised their target price on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, KeyCorp started coverage on Vistra in a research note on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $239.20.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.