Vistra Corp. (NYSE:VST) Shares Sold by Horizon Investment Services LLC

Horizon Investment Services LLC decreased its holdings in Vistra Corp. (NYSE:VST) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,247 shares of the company’s stock after selling 664 shares during the quarter. Horizon Investment Services LLC’s holdings in Vistra were worth $709,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VST. Dimensional Fund Advisors LP grew its holdings in shares of Vistra by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,146,598 shares of the company’s stock valued at $236,779,000 after purchasing an additional 300,355 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Vistra by 6.2% during the fourth quarter. Franklin Resources Inc. now owns 4,797,515 shares of the company’s stock valued at $184,800,000 after purchasing an additional 282,056 shares during the last quarter. Third Point LLC grew its holdings in shares of Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after purchasing an additional 995,748 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Vistra by 2.4% during the fourth quarter. Clearbridge Investments LLC now owns 4,244,963 shares of the company’s stock valued at $163,516,000 after purchasing an additional 99,055 shares during the last quarter. Finally, Castle Hook Partners LP grew its holdings in shares of Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after purchasing an additional 3,108,511 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on VST. Morgan Stanley upped their target price on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets increased their price objective 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 increased their price objective 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.83.

Insider Activity

In related news, Director Lisa Crutchfield acquired 335 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the transaction, the director now owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $75.84 on Friday. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 46.53 and a beta of 1.05. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $107.24. The business has a 50 day simple moving average of $81.16 and a 200 day simple moving average of $77.85.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 1.16%. The ex-dividend date is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio 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.