Fifth Third Wealth Advisors LLC Decreases Stock Position in Vistra Corp. $VST

Fifth Third Wealth Advisors LLC lessened its position in Vistra Corp. (NYSE:VST) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,445 shares of the company’s stock after selling 353 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Vistra were worth $1,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VST. Farther Finance Advisors LLC lifted its position in shares of Vistra by 175.3% in the first quarter. Farther Finance Advisors LLC now owns 2,987 shares of the company’s stock valued at $365,000 after acquiring an additional 1,902 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock valued at $230,000 after acquiring an additional 224 shares in the last quarter. CX Institutional lifted its position in Vistra by 49.8% during the first quarter. CX Institutional now owns 1,881 shares of the company’s stock worth $221,000 after buying an additional 625 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Vistra by 26.6% during the first quarter. Simon Quick Advisors LLC now owns 3,765 shares of the company’s stock worth $442,000 after buying an additional 791 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Vistra by 519.6% during the first quarter. Fifth Third Bancorp now owns 40,267 shares of the company’s stock worth $4,729,000 after buying an additional 33,768 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,365 shares of Vistra stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $207.55, for a total value of $4,434,305.75. Following the completion of the sale, the chief executive officer directly owned 269,368 shares of the company’s stock, valued at approximately $55,907,328.40. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 463,350 shares of company stock valued at $95,374,138 over the last ninety days. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $197.17 on Friday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. 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 $66.80 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.92 and a beta of 1.33. The stock’s fifty day moving average is $200.48 and its two-hundred day moving average is $172.84.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

VST has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. 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. Melius Research upgraded Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Jefferies Financial Group reiterated a “hold” rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $227.85.

Vistra Company 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.