Chapin Davis Inc. Sells 100 Shares of Vistra Corp. $VST

Chapin Davis Inc. trimmed its stake in shares of Vistra Corp. (NYSE:VST) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,913 shares of the company’s stock after selling 100 shares during the period. Chapin Davis Inc.’s holdings in Vistra were worth $952,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VST. Banque Transatlantique SA increased its holdings in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. grew its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Vistra during the 4th quarter valued at approximately $32,000. Keener Financial Planning LLC bought a new stake in Vistra in the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of Vistra during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, September 17th. Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective for the company. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the company an “overweight” rating in a research report on Thursday, August 21st. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, UBS Group boosted their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $210.71.

Vistra Stock Up 0.4%

Shares of Vistra stock opened at $211.08 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a market cap of $71.52 billion, a P/E ratio of 33.67, a PEG ratio of 3.30 and a beta of 1.33. The firm’s 50 day moving average price is $198.11 and its 200-day moving average price is $164.87. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $217.90.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,361 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $212.56, for a total value of $4,540,494.16. Following the completion of the sale, the chief executive officer owned 227,968 shares of the company’s stock, valued at approximately $48,456,878.08. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 148,121 shares of company stock valued at $30,849,036 in the last three months. Company insiders own 1.42% of the company’s stock.

Vistra 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.