Dorsey & Whitney Trust CO LLC Takes Position in Vistra Corp. $VST

Dorsey & Whitney Trust CO LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,324 shares of the company’s stock, valued at approximately $450,000.

A number of other large investors also recently bought and sold shares of the business. ELCO Management Co. LLC bought a new stake in Vistra during the 2nd quarter valued at about $499,000. Peak Financial Advisors LLC bought a new position in Vistra in the 2nd quarter worth about $547,000. Tcfg Wealth Management LLC purchased a new position in shares of Vistra during the second quarter worth approximately $258,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Vistra by 55.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock valued at $1,208,000 after acquiring an additional 2,220 shares in the last quarter. Finally, Modus Advisors LLC boosted its holdings in shares of Vistra by 5.9% in the second quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock valued at $4,346,000 after purchasing an additional 1,240 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares in the company, valued at $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the transaction, the executive vice president directly owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. The trade was a 21.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 860,120 shares of company stock valued at $171,817,820. 1.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on VST shares. JPMorgan Chase & Co. raised 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. Weiss Ratings downgraded Vistra from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, November 13th. Cowen started coverage on shares of Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Scotiabank assumed coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $234.21.

Vistra Stock Performance

Shares of NYSE VST opened at $179.15 on Thursday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock has a market cap of $60.70 billion, a price-to-earnings ratio of 64.67, a PEG ratio of 2.18 and a beta of 1.30. The company has a 50 day simple moving average of $196.82 and a two-hundred day simple moving average of $187.48.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. As a group, analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is currently 32.49%.

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.