Fifth Third Wealth Advisors LLC Decreases Stock Holdings in Vistra Corp. $VST

Fifth Third Wealth Advisors LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,445 shares of the company’s stock after selling 353 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Vistra were worth $1,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA raised its stake in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. raised its stake in Vistra by 275.4% in the first 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. Keener Financial Planning LLC purchased a new stake in Vistra in the first quarter valued at about $34,000. WPG Advisers LLC acquired a new position in shares of Vistra in the first quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Vistra in the first quarter valued at about $39,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VST. Morgan Stanley increased their price objective on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. BMO Capital Markets increased their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Finally, Scotiabank started coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $227.85.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,365 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $207.55, for a total value of $4,434,305.75. Following the sale, the chief executive officer directly owned 269,368 shares of the company’s stock, valued at approximately $55,907,328.40. This trade represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 463,350 shares of company stock valued at $95,374,138 over the last quarter. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 6.1%

Shares of VST opened at $197.17 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock’s 50 day moving average is $200.48 and its two-hundred day moving average is $172.84. The firm has a market cap of $66.80 billion, a P/E ratio of 31.45, a PEG ratio of 2.92 and a beta of 1.33.

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 net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio is 14.35%.

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.