Sitrin Capital Management LLC Sells 2,487 Shares of Vistra Corp. $VST

Sitrin Capital Management LLC reduced its position in Vistra Corp. (NYSE:VST) by 8.0% during the second quarter, HoldingsChannel reports. The fund owned 28,481 shares of the company’s stock after selling 2,487 shares during the quarter. Vistra comprises 2.8% of Sitrin Capital Management LLC’s holdings, making the stock its 21st biggest position. Sitrin Capital Management LLC’s holdings in Vistra were worth $5,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after acquiring an additional 11,386 shares during the period. Northern Trust Corp grew its holdings in Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after buying an additional 57,358 shares in the last quarter. Nuveen LLC bought a new stake in shares of Vistra during the first quarter valued at about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vistra by 8.7% during 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 valued at $172,717,000 after buying an additional 118,230 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Vistra by 1.5% during the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock valued at $155,920,000 after buying an additional 19,679 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VST has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Vistra in a research report on Wednesday. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. BMO Capital Markets upped their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, Scotiabank initiated coverage on Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $227.85.

Vistra Stock Up 3.5%

Shares of NYSE VST opened at $206.51 on Thursday. The firm has a market capitalization of $69.97 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.98 and a beta of 1.33. The business has a 50-day moving average of $200.67 and a 200-day moving average of $171.54. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during 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%. Sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 21,376 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total value of $4,307,050.24. Following the completion of the sale, the chief executive officer owned 264,329 shares of the company’s stock, valued at $53,259,650.21. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 422,389 shares of company stock valued at $86,992,610 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Vistra Company 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.