U.S. Capital Wealth Advisors LLC Reduces Holdings in Vistra Corp. $VST

U.S. Capital Wealth Advisors LLC cut its stake in shares of Vistra Corp. (NYSE:VST) by 92.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,578 shares of the company’s stock after selling 31,553 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Vistra were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VST. Amalgamated Bank boosted its position in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after buying an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Vistra in the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC bought a new stake in Vistra during the 1st quarter valued at approximately $432,000. Peak Financial Advisors LLC purchased a new stake in Vistra in the second quarter worth $547,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Vistra by 29.1% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price target for the company. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday, September 17th. Finally, Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $218.20.

Vistra Stock Performance

VST stock opened at $202.12 on Friday. The firm has a 50-day simple moving average of $199.60 and a two-hundred day simple moving average of $166.77. 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 one year low of $90.51 and a one year high of $219.82. The firm has a market cap of $68.48 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.16 and a beta of 1.33.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. On average, equities analysts forecast that Vistra Corp. will post 7 EPS 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 issued a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 233,569 shares of company stock valued at $48,915,316 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

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.