Vistra Corp. $VST Stake Trimmed by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lowered its stake in Vistra Corp. (NYSE:VST) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,618 shares of the company’s stock after selling 74 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Vistra were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Amalgamated Bank grew its position in Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,387 shares in the last quarter. Peak Financial Advisors LLC purchased a new position in Vistra during the 2nd quarter worth approximately $547,000. Envestnet Asset Management Inc. grew its holdings in shares of 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 buying an additional 57,551 shares in the last quarter. Tcfg Wealth Management LLC purchased a new position in shares of Vistra during the second quarter valued at $258,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after buying an additional 381 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. BMO Capital Markets boosted their price objective on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Daiwa Capital Markets raised shares of 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. Morgan Stanley boosted their price target on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a $230.00 price target (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $229.31.

Vistra Stock Performance

VST stock opened at $185.77 on Thursday. 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 capitalization of $62.94 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 2.65 and a beta of 1.33. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The firm has a 50 day moving average of $199.60 and a two-hundred day moving average of $177.12.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra’s dividend payout ratio is currently 14.35%.

Insider Activity

In other Vistra news, CEO James A. Burke sold 21,371 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $204.57, for a total transaction of $4,371,865.47. Following the completion of the sale, the chief executive officer owned 287,859 shares of the company’s stock, valued at $58,887,315.63. This represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 632,966 shares of company stock worth $130,462,677. Corporate insiders own 1.42% of the company’s stock.

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.