APG Asset Management N.V. Sells 2,700 Shares of Vistra Corp. $VST

Key Points

• APG Asset Management N.V. reduced its stake in Vistra Corp. by 1.5%, selling 2,700 shares and retaining 183,400 shares, valued at approximately $19.9 million.
• Several hedge funds have recently adjusted their positions in Vistra, with notable increases, including Envestnet Asset Management's stake boost of 29.1%, now holding 255,629 shares, worth about $30 million.
• Vistra Corp. has announced a quarterly dividend of $0.226 per share, increasing from the previous dividend of $0.23, with a yield of 0.5%.

APG Asset Management N.V. trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,400 shares of the company's stock after selling 2,700 shares during the quarter. APG Asset Management N.V. owned approximately 0.05% of Vistra worth $19,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth approximately $341,000. Dynamic Advisor Solutions LLC bought a new position in Vistra in the 1st quarter worth approximately $432,000. Envestnet Asset Management Inc. boosted its stake in Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after purchasing an additional 224 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,000 shares of company stock worth $18,579,650. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VST. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. Melius Research raised Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. BMO Capital Markets upped their price objective on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.93.

Vistra Stock Performance

NYSE:VST opened at $190.2960 on Monday. The stock's fifty day moving average is $194.24 and its 200 day moving average is $158.17. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The firm has a market capitalization of $64.48 billion, a PE ratio of 30.35, a PEG ratio of 2.19 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last released 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. On average, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

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.

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