BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 721 Shares of Vistra Corp. $VST

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Vistra Corp. (NYSE:VST) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,070 shares of the company’s stock after selling 721 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Vistra were worth $7,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Amalgamated Bank increased its stake in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Vistra in the first quarter worth $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra in the first quarter worth $432,000. Envestnet Asset Management Inc. increased its stake in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock valued at $230,000 after purchasing an additional 224 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. This represents a 28.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction dated 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 completion of the sale, the director owned 75,946 shares of the company’s stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock worth $18,579,650. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $190.2960 on Monday. The stock has a market cap of $64.48 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.19 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The firm’s 50-day simple moving average is $194.24 and its 200 day simple moving average is $158.17.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. As a group, research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Analysts Set New Price Targets

VST has been the topic of a number of research analyst reports. Melius initiated coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. Melius Research raised Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Raymond James Financial initiated 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. Finally, BMO Capital Markets boosted their price objective on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.93.

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.