Wellington Management Group LLP Sells 769,384 Shares of Vistra Corp. $VST

Wellington Management Group LLP lessened its stake in Vistra Corp. (NYSE:VST) by 33.6% during the first quarter, Holdings Channel reports. The firm owned 1,521,178 shares of the company’s stock after selling 769,384 shares during the period. Wellington Management Group LLP’s holdings in Vistra were worth $178,647,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. HM Payson & Co. raised its position in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Vistra in the 4th quarter worth $32,000. Keener Financial Planning LLC purchased a new stake in shares of Vistra in the first quarter valued at about $34,000. Zions Bancorporation National Association UT bought a new position in shares of Vistra during the first quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vistra during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VST. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an “outperform” rating in a research report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Melius started coverage on Vistra in a research report on Wednesday. They set a “buy” rating and a $295.00 price target for the company. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. Finally, Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.93.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the sale, the director owned 255,192 shares of the company’s stock, valued at $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Sult sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $18,579,650 over the last three months. 1.42% of the stock is currently owned by insiders.

Vistra Trading Down 0.5%

NYSE:VST opened at $192.6120 on Thursday. Vistra Corp. has a 12 month low of $72.90 and a 12 month high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm’s 50 day moving average is $193.58 and its 200 day moving average is $158.04. The stock has a market capitalization of $65.26 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $0.226 dividend. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

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.