Securian Asset Management Inc. Sells 323 Shares of Vistra Corp. $VST

Securian Asset Management Inc. reduced its position in shares of Vistra Corp. (NYSE:VST) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 17,707 shares of the company’s stock after selling 323 shares during the quarter. Securian Asset Management Inc.’s holdings in Vistra were worth $3,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. Banque Transatlantique SA increased its stake in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. HM Payson & Co. increased its stake in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in shares of Vistra during the 1st quarter valued at about $34,000. WPG Advisers LLC purchased a new stake in shares of Vistra during the 1st quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Vistra during the 1st quarter valued at about $39,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

VST opened at $186.29 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market cap of $63.12 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.76 and a beta of 1.33. The company’s 50 day moving average is $200.00 and its 200 day moving average is $177.06. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data 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 during 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, equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra 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 transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 632,966 shares of company stock worth $130,462,677 over the last quarter. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VST shares. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Cowen started coverage on shares of Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Melius started coverage on shares of Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Vistra has an average rating of “Buy” and an average price target of $229.31.

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.