Flputnam Investment Management Co. Sells 1,825 Shares of Vistra Corp. $VST

Flputnam Investment Management Co. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,060 shares of the company’s stock after selling 1,825 shares during the quarter. Flputnam Investment Management Co.’s holdings in Vistra were worth $4,117,000 as of its most recent filing with the SEC.

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

Vistra Trading Down 3.7%

VST opened at $189.33 on Monday. The company’s 50 day moving average is $195.51 and its 200-day moving average is $159.09. Vistra Corp. has a 1-year low of $72.90 and a 1-year 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 company has a market cap of $64.15 billion, a P/E ratio of 30.20, a PEG ratio of 2.18 and a beta of 1.34.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts predict 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. Stockholders of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 14.35%.

Insider Buying and Selling

In other news, Director John R. Sult sold 25,000 shares of the firm’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 value of $4,291,750.00. Following the sale, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the firm’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 transaction of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 target price on the stock. BMO Capital Markets raised their target price on shares of Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Jefferies Financial Group raised their target price on shares of Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Melius assumed coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.43.

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.