Alliancebernstein L.P. Has $50.70 Million Stock Holdings in Vistra Corp. $VST

Alliancebernstein L.P. trimmed its position in Vistra Corp. (NYSE:VST - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,727 shares of the company's stock after selling 39,193 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Vistra worth $50,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC boosted its holdings in Vistra by 2.0% during the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after buying an additional 83 shares during the last quarter. Oak Grove Capital LLC lifted its stake in Vistra by 0.5% in the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after acquiring an additional 98 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Vistra by 4.9% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock valued at $266,000 after acquiring an additional 105 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after acquiring an additional 125 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Down 1.1%

NYSE:VST opened at $187.73 on Monday. The firm has a market capitalization of $63.61 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.34. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The stock's 50 day moving average price is $195.43 and its two-hundred day moving average price is $159.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is presently 14.35%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley set a $207.00 target price on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Wall Street Zen cut Vistra from a "hold" rating to a "sell" rating in a research note on Friday. BMO Capital Markets boosted their target price on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Jefferies Financial Group boosted their target price on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial initiated coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.43.

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.

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