Vistra Corp. $VST Shares Sold by Value Star Asset Management Hong Kong Ltd

Value Star Asset Management Hong Kong Ltd cut its stake in Vistra Corp. (NYSE:VST) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the company’s stock after selling 1,000 shares during the quarter. Vistra comprises approximately 5.0% of Value Star Asset Management Hong Kong Ltd’s investment portfolio, making the stock its 8th biggest position. Value Star Asset Management Hong Kong Ltd’s holdings in Vistra were worth $1,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Guardian Asset Advisors LLC increased its stake in shares of Vistra by 11.6% in the 2nd quarter. Guardian Asset Advisors LLC now owns 2,215 shares of the company’s stock worth $429,000 after acquiring an additional 230 shares during the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Vistra by 22.8% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 2,150 shares of the company’s stock worth $413,000 after purchasing an additional 399 shares during the period. Paralel Advisors LLC purchased a new position in shares of Vistra during the 2nd quarter worth $4,409,000. Fogel Capital Management Inc. grew its holdings in shares of Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after purchasing an additional 72 shares during the period. Finally, Insight Advisors LLC PA purchased a new position in shares of Vistra during the 2nd quarter worth $229,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of NYSE VST opened at $190.44 on Friday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm has a market capitalization of $64.53 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. The stock’s 50-day simple moving average is $199.36 and its 200-day simple moving average is $177.73.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is 14.35%.

Insider Buying and Selling at Vistra

In related 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 in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 654,583 shares of company stock valued at $134,542,882. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research analyst reports. Cowen initiated coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating for the company. JPMorgan Chase & Co. increased their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Melius assumed coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target for the company. The Goldman Sachs Group raised their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Finally, TD Cowen initiated coverage on Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $229.31.

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.