AssuredPartners Investment Advisors LLC Sells 7,325 Shares of Vistra Corp. $VST

Key Points

• AssuredPartners Investment Advisors LLC has decreased its holdings in Vistra Corp. by 22%, selling 7,325 shares during the second quarter, resulting in a total of 25,917 shares owned.
• Vistra recently declared a quarterly dividend of $0.226 per share, which represents a boost from the previous quarter's dividend of $0.23, with an annualized yield of 0.4%.
• Analysts have mixed sentiments on Vistra, with recommendations ranging from a "buy" rating with a price target increase to $248.00 from JPMorgan, to a "sell" rating from Wall Street Zen.

AssuredPartners Investment Advisors LLC decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,917 shares of the company's stock after selling 7,325 shares during the quarter. Vistra comprises approximately 1.2% of AssuredPartners Investment Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. AssuredPartners Investment Advisors LLC's holdings in Vistra were worth $5,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in Vistra by 2.2% during the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company's stock worth $631,000 after purchasing an additional 71 shares during the last quarter. Red Mountain Financial LLC boosted its holdings in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock worth $472,000 after purchasing an additional 74 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after purchasing an additional 75 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock worth $329,000 after purchasing an additional 76 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in Vistra by 48.4% during the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, October 3rd. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. UBS Group upped their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $229.31.

Vistra Price Performance

Shares of VST opened at $210.20 on Friday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company's 50-day moving average is $200.60 and its 200-day moving average is $174.96. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm has a market capitalization of $71.22 billion, a PE ratio of 33.52, a PEG ratio of 2.99 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS 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 business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio is currently 14.35%.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 547,510 shares of company stock valued at $112,585,800 in the last 90 days. Corporate insiders own 1.42% of the company's stock.

Vistra Company 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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