Aviva PLC Sells 396 Shares of Vistra Corp. $VST

Aviva PLC reduced its position in Vistra Corp. (NYSE:VST) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,746 shares of the company’s stock after selling 396 shares during the quarter. Aviva PLC’s holdings in Vistra were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank boosted its holdings in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the period. NewSquare Capital LLC boosted its stake in shares of Vistra by 65.9% in the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares during the period. Banque Transatlantique SA boosted its stake 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 acquiring an additional 132 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after purchasing an additional 78 shares in the last quarter. Finally, LRI Investments LLC raised its stake in Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock valued at $55,000 after purchasing an additional 146 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VST. BMO Capital Markets increased their price objective on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. TD Cowen initiated coverage on shares of Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $234.21.

Insider Transactions at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 723,910 shares of company stock worth $148,086,569. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 0.5%

Shares of VST opened at $178.19 on Thursday. The firm has a market capitalization of $60.38 billion, a price-to-earnings ratio of 64.33, a PEG ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 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 company has a 50-day moving average of $198.68 and a 200 day moving average of $186.01.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. On average, research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.227 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio (DPR) is presently 32.49%.

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.