BOCHK Asset Management Ltd Cuts Stock Position in Vistra Corp. (NYSE:VST)

BOCHK Asset Management Ltd reduced its stake in shares of Vistra Corp. (NYSE:VST) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 175,400 shares of the company’s stock after selling 7,400 shares during the period. Vistra makes up approximately 6.2% of BOCHK Asset Management Ltd’s holdings, making the stock its 4th biggest holding. BOCHK Asset Management Ltd owned 0.05% of Vistra worth $20,792,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Castle Hook Partners LP increased its holdings in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after purchasing an additional 3,108,511 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after buying an additional 2,910,015 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after buying an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Vistra by 1,358.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after buying an additional 1,143,918 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after acquiring an additional 893,093 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST traded down $1.67 during trading hours on Thursday, hitting $124.44. The company had a trading volume of 1,949,311 shares, compared to its average volume of 6,949,769. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 91.66 and a beta of 1.10. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The business has a fifty day moving average of $102.66 and a 200-day moving average of $90.19. Vistra Corp. has a 12 month low of $31.92 and a 12 month high of $143.87.

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 the consensus estimate 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 analyst estimates of $4.04 billion. During the same quarter last year, the business earned $1.03 earnings per share. Equities analysts anticipate that Vistra Corp. will post 4.73 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 64.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VST. Royal Bank of Canada increased their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $146.00 price target (up previously from $125.00) on shares of Vistra in a research report on Friday, October 4th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus target price of $145.30.

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.