First Hawaiian Bank Has $858,000 Stock Holdings in Vistra Corp. (NYSE:VST)

First Hawaiian Bank cut its holdings in Vistra Corp. (NYSE:VST) by 19.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,974 shares of the company’s stock after selling 2,468 shares during the quarter. First Hawaiian Bank’s holdings in Vistra were worth $858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VST. Castle Hook Partners LP lifted its position in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the period. TD Asset Management Inc boosted its holdings in shares of Vistra by 9,668.5% in the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares in the last quarter. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth $77,523,000. Electron Capital Partners LLC grew its position in Vistra by 468.2% in the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock valued at $82,006,000 after acquiring an additional 1,754,223 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in Vistra during the fourth quarter worth about $45,202,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST traded up $4.99 during trading hours on Tuesday, reaching $75.19. 3,832,693 shares of the stock traded hands, compared to its average volume of 6,758,312. Vistra Corp. has a 52-week low of $28.39 and a 52-week high of $107.24. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. The company’s 50-day simple moving average is $85.95 and its two-hundred day simple moving average is $72.17. The company has a market capitalization of $26.13 billion, a P/E ratio of 45.62 and a beta of 1.05.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. Equities research analysts forecast that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 1.17%. Vistra’s dividend payout ratio (DPR) is 53.37%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Lisa Crutchfield purchased 335 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the purchase, the director now directly owns 32,186 shares in the company, valued at approximately $2,879,359.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.42% of the stock is owned by insiders.

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.