Dorsey Wright & Associates Sells 23,640 Shares of Vistra Corp. $VST

Dorsey Wright & Associates cut its stake in shares of Vistra Corp. (NYSE:VSTFree Report) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,958 shares of the company’s stock after selling 23,640 shares during the period. Vistra comprises approximately 1.7% of Dorsey Wright & Associates’ investment portfolio, making the stock its 16th biggest position. Dorsey Wright & Associates’ holdings in Vistra were worth $7,576,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after purchasing an additional 3,920 shares in the last quarter. Woodline Partners LP raised its position in Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after purchasing an additional 8,312 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Vistra by 37.3% during the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after purchasing an additional 2,125 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vistra during the second quarter valued at about $269,000. Finally, Slocum Gordon & Co LLP grew its holdings in shares of Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,088 shares of company stock worth $5,634,227 over the last ninety days. Insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research note on Monday. JPMorgan Chase & Co. cut their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $230.44.

Get Our Latest Research Report on Vistra

Vistra Stock Up 3.0%

Shares of VST opened at $163.59 on Friday. The stock’s 50-day moving average price is $154.05 and its two-hundred day moving average price is $159.61. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a market capitalization of $55.16 billion, a PE ratio of 27.40 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VSTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. On average, analysts anticipate that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.229 dividend. The ex-dividend date is Monday, June 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is currently 15.24%.

About Vistra

(Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

See Also

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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