Venturi Wealth Management LLC Has $1.66 Million Stock Holdings in Vistra Corp. $VST

Venturi Wealth Management LLC lessened its stake in Vistra Corp. (NYSE:VST) by 1.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,582 shares of the company’s stock after selling 163 shares during the quarter. Venturi Wealth Management LLC’s holdings in Vistra were worth $1,663,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VST. Banque Transatlantique SA grew its position in 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 in the last quarter. HM Payson & Co. grew its position in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Keener Financial Planning LLC bought a new stake in Vistra in the first quarter worth approximately $34,000. WPG Advisers LLC bought a new stake in Vistra in the first quarter worth approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in Vistra in the first quarter worth approximately $39,000. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

VST has been the subject of several recent research reports. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a report on Wednesday. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Finally, Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $227.85.

Vistra Price Performance

Shares of Vistra stock opened at $206.51 on Thursday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of $69.97 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.33. The firm has a fifty day moving average price of $200.67 and a two-hundred day moving average price of $171.54. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 422,389 shares of company stock worth $86,992,610 over the last three months. 1.42% of the stock is currently owned by corporate insiders.

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.