Blair William & Co. IL Has $1.06 Million Position in Vistra Corp. (NYSE:VST)

Key Points

• Blair William & Co. IL reduced its holdings in Vistra Corp. by 81.7% in Q1, resulting in a total of 9,063 shares valued at approximately $1.06 million.
• Vistra reported Q2 earnings of $1.01 per share, which fell short of the consensus estimate of $1.63, and had a revenue of $4.25 billion against expectations of $5.15 billion.
• Vistra's quarterly dividend was increased to $0.226 per share, representing a yield of 0.4%, with the ex-dividend date set for September 19th.

Blair William & Co. IL decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 81.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,063 shares of the company's stock after selling 40,531 shares during the quarter. Blair William & Co. IL's holdings in Vistra were worth $1,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after purchasing an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Vistra during the first quarter worth approximately $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra during the first quarter worth approximately $432,000. Envestnet Asset Management Inc. grew its position in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after buying an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company's stock, valued at $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock worth $47,461,490 in the last ninety days. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. Jefferies Financial Group set a $241.00 price target on Vistra and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley increased their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group increased their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and set a $229.00 price target (up previously from $191.00) on shares of Vistra in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.62.

Vistra Price Performance

Shares of VST stock traded up $9.43 during trading hours on Tuesday, reaching $209.51. The company's stock had a trading volume of 4,059,481 shares, compared to its average volume of 5,331,611. The firm's 50 day simple moving average is $190.14 and its 200-day simple moving average is $156.34. The company has a market capitalization of $70.99 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.43 and a beta of 1.30. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results 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). 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. Sell-side analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 14.35%.

About Vistra

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.