Vistra Corp. $VST Shares Sold by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC lessened its holdings in Vistra Corp. (NYSE:VST) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,722 shares of the company’s stock after selling 490 shares during the period. Terra Nova Asset Management LLC’s holdings in Vistra were worth $1,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Nuveen LLC acquired a new position in shares of Vistra during the first quarter worth about $209,149,000. Assenagon Asset Management S.A. lifted its position in Vistra by 2,341.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock worth $167,755,000 after acquiring an additional 830,111 shares in the last quarter. National Pension Service boosted its holdings in Vistra by 81.6% in the 2nd quarter. National Pension Service now owns 1,125,100 shares of the company’s stock worth $218,056,000 after acquiring an additional 505,495 shares during the period. Fred Alger Management LLC boosted its holdings in Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock worth $114,309,000 after acquiring an additional 492,765 shares during the period. Finally, 140 Summer Partners LP acquired a new stake in Vistra in the first quarter valued at approximately $56,876,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares in the company, valued at $51,772,476. The trade was a 15.44% 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, CEO James A. Burke sold 43,074 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 860,120 shares of company stock worth $171,817,820. 1.42% of the stock is currently owned by insiders.

Vistra Trading Up 2.7%

NYSE:VST opened at $179.15 on Thursday. The company has a market cap of $60.70 billion, a PE ratio of 64.67, a P/E/G ratio of 2.18 and a beta of 1.30. The business’s 50 day moving average is $196.82 and its two-hundred day moving average is $187.48. 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 Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, analysts predict that Vistra Corp. will post 7 EPS for the current 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 paid a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VST shares. Jefferies Financial Group restated a “hold” rating and issued a $230.00 target price (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. BMO Capital Markets upped their price objective on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Scotiabank initiated coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price for the company. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings downgraded Vistra from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, November 13th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $234.21.

Vistra Company 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.