Greenleaf Trust Sells 892 Shares of Vistra Corp. $VST

Greenleaf Trust lowered its stake in shares of Vistra Corp. (NYSE:VST) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,589 shares of the company’s stock after selling 892 shares during the quarter. Greenleaf Trust’s holdings in Vistra were worth $1,083,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VST. Banque Transatlantique SA grew its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. grew its stake 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 purchasing an additional 168 shares during the period. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter valued at $34,000. WPG Advisers LLC bought a new position in Vistra in the 1st quarter valued at $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra in the 1st quarter valued at $39,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on VST shares. Scotiabank started coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $218.20.

Vistra Stock Up 2.8%

Shares of NYSE VST opened at $201.33 on Thursday. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The business’s fifty day moving average price is $200.24 and its 200-day moving average price is $169.00. The stock has a market capitalization of $68.21 billion, a PE ratio of 32.11, a P/E/G ratio of 2.98 and a beta of 1.33.

Vistra (NYSE:VST) last issued its quarterly earnings data 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). The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.226 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 21,378 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $201.94, for a total transaction of $4,317,073.32. Following the sale, the chief executive officer owned 249,016 shares of the company’s stock, valued at approximately $50,286,291.04. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 319,073 shares of company stock worth $66,162,313. Corporate insiders own 1.42% of the company’s stock.

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.