Resolute Capital Asset Partners LLC Reduces Stake in Vistra Corp. $VST

Resolute Capital Asset Partners LLC cut its stake in shares of Vistra Corp. (NYSE:VST) by 34.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,217 shares of the company’s stock after selling 17,083 shares during the period. Vistra comprises about 2.1% of Resolute Capital Asset Partners LLC’s investment portfolio, making the stock its 16th biggest position. Resolute Capital Asset Partners LLC’s holdings in Vistra were worth $3,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after purchasing an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Vistra during the first quarter valued at $341,000. Dynamic Advisor Solutions LLC purchased a new position in Vistra during the first quarter valued at $432,000. Envestnet Asset Management Inc. lifted its position in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock valued at $230,000 after purchasing an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday. BMO Capital Markets raised their price target on Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. The Goldman Sachs Group raised their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Evercore ISI set a $192.00 price target on Vistra and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, Morgan Stanley raised their price target on Vistra from $178.00 to $186.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $199.93.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares of the company’s stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,000 shares of company stock worth $18,579,650. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 0.0%

Shares of VST stock opened at $190.2960 on Friday. Vistra Corp. has a 12-month low of $72.90 and a 12-month high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock’s 50-day moving average price is $194.24 and its 200-day moving average price is $158.34. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30.

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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given 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 0.5%. The ex-dividend date is Friday, September 19th. Vistra’s dividend payout ratio (DPR) is 14.35%.

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.