Highland Capital Management LLC Sells 2,355 Shares of Vistra Corp. (NYSE:VST)

Highland Capital Management LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,262 shares of the company’s stock after selling 2,355 shares during the period. Highland Capital Management LLC’s holdings in Vistra were worth $1,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VST. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the third quarter worth about $30,000. CVA Family Office LLC lifted its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in Vistra in the second quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Vistra in the 3rd quarter valued at $40,000. Finally, EdgeRock Capital LLC bought a new stake in Vistra during the 2nd quarter worth about $34,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VST shares. BMO Capital Markets restated an “outperform” rating and issued a $146.00 price objective (up previously from $125.00) on shares of Vistra in a report on Friday, October 4th. Royal Bank of Canada boosted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. UBS Group lowered their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra currently has an average rating of “Buy” and an average target price of $145.30.

Vistra Stock Down 1.2 %

Shares of VST opened at $124.03 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $31.92 and a 12 month high of $143.87. The firm’s 50 day moving average is $104.43 and its 200-day moving average is $90.93. The stock has a market capitalization of $43.10 billion, a PE ratio of 76.09 and a beta of 1.10.

Vistra (NYSE:VST) last posted 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 company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the business earned $1.03 EPS. Equities research analysts forecast that Vistra Corp. will post 4.73 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.71%. Vistra’s dividend payout ratio (DPR) is 53.37%.

About Vistra

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.