Amalgamated Bank Boosts Holdings in Vistra Corp. $VST

Amalgamated Bank lifted its stake in Vistra Corp. (NYSE:VST) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,845 shares of the company’s stock after buying an additional 937 shares during the period. Amalgamated Bank’s holdings in Vistra were worth $14,506,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. ELCO Management Co. LLC acquired a new stake in Vistra during the 2nd quarter worth $499,000. Peak Financial Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth $547,000. Envestnet Asset Management Inc. boosted its stake in Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after purchasing an additional 57,551 shares during the period. Tcfg Wealth Management LLC acquired a new stake in Vistra during the 2nd quarter worth $258,000. Finally, Modus Advisors LLC boosted its stake in Vistra by 5.9% during the 2nd quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock worth $4,346,000 after purchasing an additional 1,240 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 5.0%

Shares of NYSE VST opened at $189.47 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a 50-day moving average price of $199.53 and a 200 day moving average price of $181.16. The stock has a market capitalization of $64.20 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.33.

Vistra (NYSE:VST) last announced 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is 14.35%.

Analyst Ratings Changes

VST has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. BMO Capital Markets increased their price target on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Morgan Stanley raised their target price on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $229.93.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 20,473 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $203.64, for a total value of $4,169,121.72. Following the completion of the transaction, the chief executive officer owned 298,967 shares in the company, valued at $60,881,639.88. This trade represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 714,269 shares of company stock valued at $146,232,604 in the last ninety days. 1.42% of the stock is owned by company insiders.

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.