Andra AP fonden Trims Stock Position in Vistra Corp. $VST

Key Points

• Andra AP fonden cut its Vistra stake by 75.9% in the second quarter, selling 11,400 shares and retaining 3,622 shares valued at approximately $575,000.
• Vistra shares opened at $137.89, near the lower end of their 12-month range, after the company reported quarterly EPS of $0.76, below the $1.61 consensus estimate, and revenue of $4.02 billion versus expectations of $5.46 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $221.88, while Vistra raised its quarterly dividend to $0.23 per share, implying a 0.7% annualized yield.

Andra AP fonden trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 75.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,622 shares of the company's stock after selling 11,400 shares during the period. Andra AP fonden's holdings in Vistra were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Vistra by 0.5% during the second quarter. State Street Corp now owns 16,850,452 shares of the company's stock worth $2,672,987,000 after acquiring an additional 79,972 shares during the last quarter. Silicon Valley Capital Partners bought a new position in shares of Vistra during the 2nd quarter valued at approximately $39,000. Premier Financial Group bought a new position in shares of Vistra during the 2nd quarter valued at approximately $34,000. Junto Capital Management LP raised its holdings in Vistra by 126.5% during the 2nd quarter. Junto Capital Management LP now owns 535,959 shares of the company's stock valued at $85,019,000 after buying an additional 299,309 shares during the period. Finally, IPG Investment Advisors LLC raised its holdings in Vistra by 7.8% during the 2nd quarter. IPG Investment Advisors LLC now owns 15,500 shares of the company's stock valued at $2,459,000 after buying an additional 1,123 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other Vistra news, EVP Scott Hudson sold 44,444 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the transaction, the executive vice president directly owned 331,137 shares in the company, valued at $50,273,219.34. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke bought 4,465 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $135.25 per share, with a total value of $603,891.25. Following the completion of the transaction, the chief executive officer owned 1,146,352 shares in the company, valued at $155,044,108. This represents a 0.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VST has been the subject of a number of analyst reports. The Goldman Sachs Group set a $206.00 price target on Vistra in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Zacks Research downgraded shares of Vistra from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. TD Cowen lowered their target price on shares of Vistra from $222.00 to $221.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Finally, BNP Paribas Exane set a $255.00 price target on shares of Vistra in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $221.88.

Vistra Stock Down 0.1%

Shares of VST opened at $137.89 on Friday. The firm has a market capitalization of $46.28 billion, a P/E ratio of 23.29 and a beta of 1.40. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $217.10. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The firm has a fifty day moving average price of $145.81 and a 200-day moving average price of $152.18.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations 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 9.04 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.7%. This is an increase from Vistra's previous quarterly dividend of $0.2290. The ex-dividend date of this dividend is Monday, September 21st. Vistra's payout ratio is currently 15.54%.

Vistra Company Profile

Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.

Vistra's generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.

The company was established in 2016 following the separation of Energy Future Holdings' competitive energy businesses.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.