Vistra Corp. $VST Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Vistra Corp. (NYSE:VST) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 796,288 shares of the company’s stock after selling 32,402 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Vistra were worth $128,465,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Vistra during the third quarter worth approximately $1,445,000. CIBC Bancorp USA Inc. acquired a new stake in Vistra during the third quarter worth approximately $8,755,000. Teamwork Financial Advisors LLC boosted its position in Vistra by 39.9% during the fourth quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock worth $12,722,000 after acquiring an additional 22,492 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in Vistra during the third quarter worth approximately $1,241,000. Finally, Envestnet Asset Management Inc. raised its stake in Vistra by 49.2% during the third quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after purchasing an additional 122,545 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $158.21 on Tuesday. The company’s fifty day simple moving average is $159.93 and its 200-day simple moving average is $171.49. Vistra Corp. has a 52 week low of $103.34 and a 52 week high of $219.82. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01. The company has a market cap of $53.56 billion, a PE ratio of 72.91, a P/E/G ratio of 0.94 and a beta of 1.49.

Vistra (NYSE:VST) last issued its earnings results on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $5.75 billion. As a group, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were paid a $0.228 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 41.94%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VST. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research note on Friday, March 27th. Bank of America cut their price target on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. UBS Group increased their price target on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vistra from $239.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average target price of $236.87.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.