DnB Asset Management AS decreased its position in shares of Vistra Corp. (NYSE:VST – Free Report) by 66.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,554 shares of the company’s stock after selling 130,959 shares during the quarter. DnB Asset Management AS’s holdings in Vistra were worth $1,747,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Beryl Capital Management LLC bought a new position in Vistra during the 1st quarter worth approximately $3,718,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vistra by 1.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,299 shares of the company’s stock valued at $1,615,000 after buying an additional 1,008 shares in the last quarter. DAVENPORT & Co LLC bought a new position in Vistra in the first quarter valued at approximately $254,000. Counterpoint Mutual Funds LLC bought a new position in Vistra in the first quarter valued at approximately $105,000. Finally, Zimmer Partners LP bought a new position in Vistra in the first quarter valued at approximately $50,438,000. Institutional investors own 91.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on VST shares. Morgan Stanley lifted their price target on shares of Vistra from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 23rd. TheStreet raised shares of Vistra from a “c+” rating to a “b-” rating in a research note on Monday, July 3rd. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th.
Insider Buying and Selling
In related news, EVP Stephanie Zapata Moore sold 107,466 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $30.22, for a total transaction of $3,247,622.52. Following the transaction, the executive vice president now directly owns 137,782 shares in the company, valued at $4,163,772.04. The sale was disclosed in a filing with the SEC, which is available through this link. 1.36% of the stock is owned by corporate insiders.
Vistra Stock Performance
Shares of VST stock opened at $33.17 on Wednesday. The company’s fifty day simple moving average is $29.97 and its 200-day simple moving average is $26.50. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 3.42. The firm has a market cap of $12.19 billion, a PE ratio of 9.06 and a beta of 0.97. Vistra Corp. has a 12 month low of $20.76 and a 12 month high of $34.28.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.78 billion. Vistra had a net margin of 9.60% and a return on equity of 22.75%. Equities research analysts expect that Vistra Corp. will post 3.11 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.206 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.48%. This is an increase from Vistra’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 19th. Vistra’s payout ratio is presently 22.40%.
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 20 states in the United States and the District of Columbia.
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