Greenleaf Trust Sells 892 Shares of Vistra Corp. $VST

Greenleaf Trust reduced its holdings in Vistra Corp. (NYSE:VST) by 13.8% during the second quarter, Holdings Channel.com reports. The fund owned 5,589 shares of the company’s stock after selling 892 shares during the quarter. Greenleaf Trust’s holdings in Vistra were worth $1,083,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA increased its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. HM Payson & Co. increased its stake in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter worth about $34,000. WPG Advisers LLC bought a new position in Vistra in the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra in the 1st quarter worth about $39,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

VST opened at $201.33 on Thursday. The stock’s 50 day simple moving average is $200.24 and its 200 day simple moving average is $169.00. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The firm has a market cap of $68.21 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.98 and a beta of 1.33.

Vistra (NYSE:VST) last posted its quarterly 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 company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 14.35%.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 319,073 shares of company stock worth $66,162,313. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VST has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on Vistra from $191.00 to $229.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price objective on the stock. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $218.20.

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.