Advisory Services Network LLC Sells 6,441 Shares of Vistra Corp. (NYSE:VST)

Advisory Services Network LLC reduced its stake in Vistra Corp. (NYSE:VST) by 13.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,417 shares of the company’s stock after selling 6,441 shares during the quarter. Advisory Services Network LLC’s holdings in Vistra were worth $2,885,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank boosted its stake in Vistra by 90.4% in the 3rd quarter. Comerica Bank now owns 327,520 shares of the company’s stock valued at $10,867,000 after purchasing an additional 155,533 shares during the period. American Century Companies Inc. increased its position in Vistra by 23.6% during the third quarter. American Century Companies Inc. now owns 942,044 shares of the company’s stock worth $31,257,000 after acquiring an additional 179,834 shares during the period. Wellington Management Group LLP raised its stake in Vistra by 8.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,155,578 shares of the company’s stock worth $104,702,000 after purchasing an additional 257,264 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in Vistra by 13.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 43,439 shares of the company’s stock valued at $1,441,000 after purchasing an additional 5,000 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Vistra during the 3rd quarter worth approximately $2,716,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.4 %

Shares of VST traded down $0.40 during mid-day trading on Friday, reaching $91.21. 1,825,936 shares of the company were exchanged, compared to its average volume of 6,647,195. The business has a 50 day simple moving average of $91.25 and a two-hundred day simple moving average of $67.23. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. Vistra Corp. has a 52 week low of $26.06 and a 52 week high of $107.24. The stock has a market capitalization of $31.69 billion, a PE ratio of 56.20 and a beta of 1.05.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, analysts predict that Vistra Corp. will post 3.95 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a $0.218 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.87 annualized dividend and a dividend yield of 0.96%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Insider Activity at Vistra

In related news, Director Lisa Crutchfield purchased 335 shares of Vistra stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the acquisition, the director now owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VST shares. Morgan Stanley boosted their price target on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Janney Montgomery Scott began coverage on Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price on the stock. Guggenheim raised Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Evercore ISI raised their target price on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, UBS Group boosted their price target on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $87.83.

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.