Dimensional Fund Advisors LP Sells 639,844 Shares of Vistra Corp. (NYSE:VST)

Dimensional Fund Advisors LP lowered its stake in shares of Vistra Corp. (NYSE:VST) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,972,937 shares of the company’s stock after selling 639,844 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Vistra were worth $427,618,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VST. Private Advisor Group LLC bought a new position in shares of Vistra during the 4th quarter valued at approximately $375,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Vistra during the 4th quarter valued at approximately $203,000. Janney Montgomery Scott LLC grew its position in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after acquiring an additional 5,619 shares during the last quarter. Quadrant Capital Group LLC grew its position in Vistra by 73.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,637 shares of the company’s stock valued at $102,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Norges Bank bought a new position in Vistra in the 4th quarter valued at $77,523,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Jefferies Financial Group assumed coverage on Vistra in a research report on Friday. They issued a “buy” rating and a $99.00 price objective on the stock. Morgan Stanley upped their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $89.43.

Vistra Stock Performance

Shares of Vistra stock opened at $89.42 on Tuesday. The firm has a market cap of $30.72 billion, a P/E ratio of 54.86 and a beta of 1.08. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $107.24. The stock’s fifty day moving average price is $79.90 and its 200-day moving average price is $79.54.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the business posted $1.03 EPS. On average, equities research analysts expect that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.98%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Vistra 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.