Vistra Corp. (NYSE:VST) Holdings Decreased by LSV Asset Management

LSV Asset Management reduced its position in shares of Vistra Corp. (NYSE:VST) by 52.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,670,450 shares of the company’s stock after selling 3,975,749 shares during the period. LSV Asset Management owned about 1.06% of Vistra worth $315,585,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VST. Mather Group LLC. acquired a new stake in shares of Vistra during the first quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in Vistra during the first quarter worth about $32,000. EdgeRock Capital LLC bought a new position in Vistra in the second quarter worth about $34,000. Riverview Trust Co bought a new position in Vistra in the first quarter worth about $39,000. Finally, ORG Partners LLC acquired a new position in Vistra in the first quarter valued at approximately $46,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus price target of $87.83.

Insider Activity at Vistra

In related news, Director Lisa Crutchfield bought 335 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

NYSE VST traded down $2.13 on Friday, hitting $73.70. The stock had a trading volume of 5,161,526 shares, compared to its average volume of 5,041,885. The company’s 50-day moving average is $80.91 and its two-hundred day moving average is $78.27. Vistra Corp. has a one year low of $31.16 and a one year high of $107.24. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 45.21 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (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 business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the company earned $1.03 earnings per share. On average, analysts expect that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is 53.37%.

Vistra 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.