Vident Advisory LLC Sells 39,023 Shares of Vistra Corp. (NYSE:VST)

Vident Advisory LLC reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 38.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,009 shares of the company’s stock after selling 39,023 shares during the quarter. Vident Advisory LLC’s holdings in Vistra were worth $4,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. 3Chopt Investment Partners LLC boosted its stake in Vistra by 142.2% in the 4th quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock valued at $2,117,000 after purchasing an additional 32,276 shares during the period. Ellsworth Advisors LLC bought a new stake in shares of Vistra during the 4th quarter valued at $773,000. Janney Montgomery Scott LLC lifted its position in shares of Vistra by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after acquiring an additional 5,619 shares during the period. Chicago Capital LLC bought a new stake in shares of Vistra during the 4th quarter valued at $2,716,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Vistra by 41.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after acquiring an additional 33,738 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In related news, Director Lisa Crutchfield bought 335 shares of the company’s stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares in the company, valued at approximately $2,879,359.56. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price target on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI upped their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Guggenheim raised Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. BMO Capital Markets upped their target price on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, UBS Group upped their target price on Vistra from $85.00 to $110.00 and gave the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $87.83.

Vistra Stock Up 1.0 %

Shares of Vistra stock traded up $0.72 on Friday, hitting $71.10. The company had a trading volume of 1,443,483 shares, compared to its average volume of 6,699,336. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of 43.17 and a beta of 1.05. Vistra Corp. has a 1 year low of $27.54 and a 1 year high of $107.24. The stock has a 50 day moving average of $89.26 and a 200-day moving average of $70.08. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. As a group, sell-side analysts forecast that Vistra Corp. will post 4.99 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were paid a $0.218 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 18th. This represents a $0.87 annualized dividend and a yield of 1.23%. Vistra’s dividend payout ratio is presently 53.37%.

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.