Sei Investments Co. Sells 33,038 Shares of Vistra Corp. $VST

Sei Investments Co. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 15.3% in the first quarter, HoldingsChannel.com reports. The fund owned 182,782 shares of the company’s stock after selling 33,038 shares during the period. Sei Investments Co.’s holdings in Vistra were worth $27,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after purchasing an additional 390,157 shares during the period. State Street Corp raised its stake in shares of Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after purchasing an additional 432,028 shares during the period. Geode Capital Management LLC raised its stake in shares of Vistra by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after purchasing an additional 97,424 shares during the period. Norges Bank purchased a new position in shares of Vistra in the 4th quarter worth about $746,729,000. Finally, Invesco Ltd. boosted its holdings in shares of Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after buying an additional 35,258 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Vistra in a report on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Scotiabank raised their price target on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, TD Cowen decreased their price target on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $230.12.

Insider Buying and Selling at Vistra

In related news, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is currently owned by company insiders.

Vistra Stock Down 3.8%

Shares of NYSE VST opened at $157.09 on Tuesday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The stock has a market capitalization of $52.97 billion, a PE ratio of 26.31 and a beta of 1.40. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The business’s fifty day moving average price is $156.46 and its 200-day moving average price is $158.35.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. On average, equities research analysts anticipate that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a $0.229 dividend. The ex-dividend date was Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 15.41%.

About Vistra

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.