Vistra Corp. (NYSE:VST) Stock Holdings Cut by LSV Asset Management

LSV Asset Management lessened its position in Vistra Corp. (NYSE:VST) by 52.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,670,450 shares of the company’s stock after selling 3,975,749 shares during the quarter. LSV Asset Management’s holdings in Vistra were worth $315,585,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Castle Hook Partners LP boosted its position in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after purchasing an additional 3,108,511 shares in the last quarter. TD Asset Management Inc boosted its holdings in Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after buying an additional 2,910,015 shares in the last quarter. Norges Bank acquired a new position in Vistra in the fourth quarter worth approximately $77,523,000. Electron Capital Partners LLC increased its holdings in shares of Vistra by 468.2% in the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock valued at $82,006,000 after buying an additional 1,754,223 shares in the last quarter. Finally, Third Point LLC lifted its position in shares of Vistra by 27.6% during the 4th quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after acquiring an additional 995,748 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $87.83.

Vistra Stock Down 2.8 %

NYSE:VST traded down $2.13 during trading hours on Friday, hitting $73.70. 5,161,526 shares of the company’s stock traded hands, compared to its average volume of 5,041,885. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $107.24. The firm has a market cap of $25.61 billion, a P/E ratio of 45.21 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock’s fifty day moving average price is $80.91 and its two-hundred day moving average price is $78.27.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, September 20th. Vistra’s payout ratio is currently 53.37%.

Insider Transactions at Vistra

In other news, Director Lisa Crutchfield acquired 335 shares of Vistra stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.42% of the stock is currently owned by company insiders.

About Vistra

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.