Vistra Corp. (NYSE:VST) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lowered its position in shares of Vistra Corp. (NYSE:VST) by 61.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,443 shares of the company’s stock after selling 141,224 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Vistra were worth $7,518,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new position in Vistra during the first quarter worth $26,000. Lindbrook Capital LLC boosted its stake in shares of Vistra by 64.4% during the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after acquiring an additional 329 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Vistra in the 1st quarter valued at approximately $32,000. EdgeRock Capital LLC acquired a new position in Vistra during the second quarter worth $34,000. Finally, Riverview Trust Co purchased a new stake in Vistra during the first quarter worth $39,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.3 %

Shares of VST stock traded down $0.29 on Tuesday, reaching $84.59. 2,948,244 shares of the stock were exchanged, compared to its average volume of 6,659,247. Vistra Corp. has a 1-year low of $29.84 and a 1-year high of $107.24. The stock has a market cap of $29.06 billion, a P/E ratio of 52.07 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a 50 day moving average of $82.16 and a two-hundred day moving average of $76.23.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter last year, the business earned $1.03 earnings per share. On average, research analysts anticipate that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio is 53.37%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Morgan Stanley raised their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday. Guggenheim upgraded Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Finally, UBS Group upped their target price on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $87.83.

Insider Activity

In related news, Director Lisa Crutchfield purchased 335 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the acquisition, the director now directly owns 32,186 shares in the company, valued at $2,879,359.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

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.