Van ECK Associates Corp Sells 38,368 Shares of Vistra Corp. $VST

Van ECK Associates Corp trimmed its position in shares of Vistra Corp. (NYSE:VSTFree Report) by 56.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,891 shares of the company’s stock after selling 38,368 shares during the period. Van ECK Associates Corp’s holdings in Vistra were worth $4,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Vistra in the second quarter worth approximately $4,610,496,000. State Street Corp increased its position in shares of Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares during the last quarter. Norges Bank purchased a new position in Vistra in the 4th quarter worth approximately $746,729,000. Finally, Invesco Ltd. lifted its position in Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after acquiring an additional 35,258 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In other Vistra news, Director John R. Sult sold 6,500 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,988 shares of company stock worth $5,178,427. 0.92% of the stock is currently owned by insiders.

Vistra Stock Up 3.9%

Shares of Vistra stock opened at $143.42 on Thursday. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The company’s 50 day moving average is $150.14 and its 200 day moving average is $155.05. The company has a market cap of $48.14 billion, a price-to-earnings ratio of 24.23 and a beta of 1.40.

Vistra (NYSE:VSTGet Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Research analysts anticipate that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 15.54%.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent analyst reports. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group set a $206.00 price target on Vistra in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. BNP Paribas Exane set a $255.00 price objective on Vistra in a research report on Wednesday, August 19th. Finally, Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.53.

Get Our Latest Research Report on Vistra

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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