US Bancorp DE Has $4.59 Million Stock Holdings in Vistra Corp. $VST

US Bancorp DE lessened its holdings in Vistra Corp. (NYSE:VST) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,678 shares of the company’s stock after selling 839 shares during the quarter. US Bancorp DE’s holdings in Vistra were worth $4,589,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after purchasing an additional 11,386 shares in the last quarter. Northern Trust Corp raised its position in Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after purchasing an additional 57,358 shares in the last quarter. Nuveen LLC acquired a new position in Vistra in the first quarter worth about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Vistra by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock worth $172,717,000 after purchasing an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Vistra by 1.5% in the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock worth $155,920,000 after purchasing an additional 19,679 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

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 shares were sold at an average price of $207.55, for a total value of $4,434,305.75. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 463,350 shares of company stock worth $95,374,138 over the last quarter. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $227.58.

Vistra Price Performance

VST opened at $209.22 on Tuesday. 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 company’s 50 day simple moving average is $200.38 and its 200-day simple moving average is $173.85. The stock has a market capitalization of $70.89 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33.

Vistra (NYSE:VST) last released its quarterly earnings results 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 company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Sell-side 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is currently 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.