Allstate Corp Cuts Stake in Vistra Corp. $VST

Allstate Corp cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 38.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,888 shares of the company's stock after selling 13,580 shares during the period. Allstate Corp's holdings in Vistra were worth $3,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in Vistra during the fourth quarter worth approximately $30,000. Strive Financial Group LLC acquired a new stake in shares of Vistra in the fourth quarter worth $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Vistra in the fourth quarter worth $35,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on VST. Seaport Research Partners restated a "buy" rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Wells Fargo & Company reiterated an "overweight" rating and issued a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Zacks Research downgraded Vistra from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. TD Cowen cut their price objective on Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Finally, Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and an average target price of $226.94.

Vistra Price Performance

VST opened at $136.43 on Monday. The company has a fifty day simple moving average of $153.73 and a 200 day simple moving average of $155.84. The firm has a market cap of $45.79 billion, a price-to-earnings ratio of 23.05 and a beta of 1.41. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Equities research analysts expect that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is presently 15.54%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company's stock, valued at $37,152,000. This represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were 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 trade represents a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,588 shares of company stock valued at $6,739,227 over the last 90 days. 0.92% of the stock is owned by company insiders.

Vistra Profile

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.

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