Blue Trust Inc. Sells 336 Shares of Vistra Corp. $VST

Blue Trust Inc. lessened its stake in shares of Vistra Corp. (NYSE:VST) by 27.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 887 shares of the company’s stock after selling 336 shares during the period. Blue Trust Inc.’s holdings in Vistra were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Costello Asset Management INC boosted its holdings in shares of Vistra by 8.1% during the 2nd quarter. Costello Asset Management INC now owns 5,584 shares of the company’s stock valued at $1,082,000 after purchasing an additional 420 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Vistra by 4.1% during the 2nd quarter. IFP Advisors Inc now owns 7,326 shares of the company’s stock valued at $1,499,000 after purchasing an additional 291 shares during the last quarter. Callan Family Office LLC boosted its holdings in shares of Vistra by 112.9% during the 2nd quarter. Callan Family Office LLC now owns 44,593 shares of the company’s stock valued at $8,643,000 after purchasing an additional 23,649 shares during the last quarter. Blair William & Co. IL raised its position in shares of Vistra by 39.3% during the 2nd quarter. Blair William & Co. IL now owns 12,629 shares of the company’s stock valued at $2,448,000 after buying an additional 3,566 shares in the last quarter. Finally, Mercuria Capital Strategies LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at about $21,319,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VST shares. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Jefferies Financial Group restated a “hold” rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. The Goldman Sachs Group upped their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $227.58.

Vistra Stock Performance

Shares of NYSE:VST opened at $210.96 on Thursday. The firm has a market cap of $71.48 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.05 and a beta of 1.33. The firm’s 50 day simple moving average is $200.50 and its 200-day simple moving average is $174.32. 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 quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 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%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 547,510 shares of company stock worth $112,585,800 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Vistra 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.