Atria Wealth Solutions Inc. Lowers Stock Position in Vistra Corp. $VST

Key Points

• Atria Wealth Solutions Inc. reduced its stock position in Vistra Corp. by 60.5%, now holding 3,420 shares valued at approximately $663,000.
• Vistra reported a quarterly EPS of $1.01, which fell short of analyst expectations of $1.63, with revenues also below estimates at $4.25 billion.
• Despite recent stock price fluctuations, Vistra increased its quarterly dividend from $0.23 to $0.226, reflecting a payout ratio of 14.35%.

Atria Wealth Solutions Inc. cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 60.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,420 shares of the company's stock after selling 5,236 shares during the period. Atria Wealth Solutions Inc.'s holdings in Vistra were worth $663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock worth $492,102,000 after buying an additional 11,386 shares in the last quarter. Northern Trust Corp grew its position in shares of Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock valued at $362,166,000 after buying an additional 57,358 shares during the last quarter. Nuveen LLC bought a new position in Vistra in the 1st quarter worth about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Vistra by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company's stock worth $172,717,000 after purchasing an additional 118,230 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Vistra by 1.5% in the 1st quarter. American Century Companies Inc. now owns 1,327,653 shares of the company's stock worth $155,920,000 after acquiring an additional 19,679 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Down 4.2%

VST stock opened at $201.53 on Friday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The firm has a market cap of $68.28 billion, a PE ratio of 32.14, a P/E/G ratio of 2.86 and a beta of 1.33. The firm has a 50 day simple moving average of $200.58 and a 200 day simple moving average of $175.84. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST - Get Free Report) last released its 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). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Analyst Ratings Changes

VST has been the subject of a number of research analyst reports. 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 note on Friday, July 25th. Cowen initiated coverage on shares of Vistra in a research note on Wednesday. They issued a "buy" rating for the company. Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $229.31.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 21,355 shares of the company's stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $215.21, for a total value of $4,595,809.55. Following the completion of the sale, the chief executive officer owned 282,597 shares in the company, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 590,228 shares of company stock valued at $121,653,740. 1.42% of the stock is currently owned by corporate insiders.

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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