Vistra Corp. $VST Stock Position Lowered by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC trimmed its position in shares of Vistra Corp. (NYSE:VST) by 15.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,619 shares of the company’s stock after selling 303 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Vistra were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank raised its holdings in shares of Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Vistra during the first quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vistra during the first quarter worth $432,000. Peak Financial Advisors LLC purchased a new stake in shares of Vistra during the second quarter worth $547,000. Finally, Envestnet Asset Management Inc. raised 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 worth $30,021,000 after acquiring an additional 57,551 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 463,350 shares of company stock valued at $95,374,138 in the last 90 days. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on VST shares. JPMorgan Chase & Co. increased their price objective on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. 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 report on Wednesday, September 17th. BMO Capital Markets raised their target price on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Melius began coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Finally, Morgan Stanley raised their target price on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Three research 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. Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus target price of $227.85.

Vistra Trading Down 6.1%

Vistra stock opened at $197.17 on Monday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The business’s 50-day simple moving average is $200.48 and its 200-day simple moving average is $173.22. The firm has a market capitalization of $66.80 billion, a PE ratio of 31.45, a PEG ratio of 2.92 and a beta of 1.33. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST) last posted 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 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%. Equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm 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 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 dividend payout ratio is presently 14.35%.

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.