BI Asset Management Fondsmaeglerselskab A S Trims Stake in Vistra Corp. $VST

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Vistra Corp. by 68.9%, now holding 31,650 shares worth approximately $3.7 million.
• Several institutional investors have increased their positions in Vistra, with TD Waterhouse Canada Inc. boosting its holdings by 78.8% during the last quarter.
• Vistra has seen varied analyst ratings, with price targets ranging from $186 to $295 and an average rating of "Moderate Buy".

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 68.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,650 shares of the company's stock after selling 70,275 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Vistra were worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. Marshall Wace LLP acquired a new position in Vistra in the fourth quarter valued at about $633,000. MML Investors Services LLC raised its stake in shares of Vistra by 47.0% in the 4th quarter. MML Investors Services LLC now owns 32,047 shares of the company's stock valued at $4,418,000 after acquiring an additional 10,249 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Vistra by 78.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 8,556 shares of the company's stock worth $1,180,000 after acquiring an additional 3,770 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Vistra by 4.8% in the 4th quarter. OneDigital Investment Advisors LLC now owns 2,944 shares of the company's stock worth $406,000 after acquiring an additional 135 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Vistra by 13.5% during the 4th quarter. Stifel Financial Corp now owns 78,390 shares of the company's stock worth $10,809,000 after purchasing an additional 9,337 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley boosted their target price on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets boosted their price objective on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Melius started coverage on Vistra in a report on Wednesday. They set a "buy" rating and a $295.00 target price for the company. Finally, Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $199.93.

Insider Buying and Selling

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 88,073 shares in the company, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred 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 directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $18,579,650 over the last 90 days. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

Shares of Vistra stock opened at $192.6120 on Thursday. Vistra Corp. has a one year low of $72.90 and a one year high of $216.85. The business has a 50-day simple moving average of $193.58 and a 200-day simple moving average of $158.04. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The company has a market cap of $65.26 billion, a PE ratio of 30.72, a P/E/G ratio of 2.23 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion during 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%. On average, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) 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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