Mitsubishi UFJ Trust & Banking Corp Sells 9,670 Shares of Vistra Corp. (NYSE:VST)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Vistra Corp. (NYSE:VST) by 1.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 699,428 shares of the company’s stock after selling 9,670 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vistra were worth $49,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. 3Chopt Investment Partners LLC raised its stake in shares of Vistra by 142.2% during the fourth quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after acquiring an additional 32,276 shares in the last quarter. Ellsworth Advisors LLC bought a new position in shares of Vistra during the 4th quarter valued at $773,000. Janney Montgomery Scott LLC raised its position in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock worth $5,617,000 after purchasing an additional 5,619 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Vistra in the fourth quarter worth $831,000. Finally, Chicago Capital LLC purchased a new stake in Vistra during the fourth quarter valued at about $2,716,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Guggenheim raised Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets increased their price objective on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. UBS Group raised their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Janney Montgomery Scott began coverage on shares of Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Trading Down 0.1 %

Shares of VST stock traded down $0.08 during trading hours on Friday, reaching $76.47. The company’s stock had a trading volume of 5,141,383 shares, compared to its average volume of 7,097,717. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. Vistra Corp. has a one year low of $27.21 and a one year high of $107.24. The stock has a market capitalization of $26.57 billion, a P/E ratio of 46.91 and a beta of 1.05. The firm’s fifty day simple moving average is $90.65 and its 200 day simple moving average is $69.27.

Vistra (NYSE:VST) last released its quarterly earnings results 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 company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. Equities research analysts expect that Vistra Corp. will post 4.99 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Insider Activity at Vistra

In other news, Director Lisa Crutchfield acquired 335 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the acquisition, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

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.