Corient Private Wealth LP Sells 27,078 Shares of Vistra Corp. $VST

Key Points

• Corient Private Wealth reduced its Vistra stake by 26.2% in the second quarter, selling 27,078 shares and retaining 76,171 shares valued at approximately $12.1 million. Institutional investors collectively own 90.88% of Vistra.
• Vistra’s latest quarterly results fell short of expectations, with EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus $5.46 billion expected. The stock opened at $141.50, well below its 52-week high of $219.82.
• Despite the earnings miss, analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $223.53 price target. Vistra also announced a $0.23 quarterly dividend, representing a 0.7% yield.

Corient Private Wealth LP lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 26.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,171 shares of the company's stock after selling 27,078 shares during the period. Corient Private Wealth LP's holdings in Vistra were worth $12,083,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Vistra in the second quarter worth about $4,610,496,000. Norges Bank bought a new position in shares of Vistra during the 4th quarter valued at approximately $746,729,000. Fifth Third Bancorp increased its stake in shares of Vistra by 95.1% during the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company's stock worth $26,638,000 after purchasing an additional 86,393 shares during the last quarter. Payden & Rygel increased its stake in shares of Vistra by 3,118.2% during the 4th quarter. Payden & Rygel now owns 35,400 shares of the company's stock worth $5,711,000 after purchasing an additional 34,300 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $29,875,000. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other news, CEO James Burke purchased 4,465 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $135.25 per share, with a total value of $603,891.25. Following the acquisition, the chief executive officer directly owned 1,146,352 shares in the company, valued at approximately $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Sult sold 6,500 shares of the business's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company's stock, valued at $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by insiders.

Vistra Trading Up 0.5%

NYSE:VST opened at $141.50 on Wednesday. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The stock's fifty day moving average price is $148.20 and its two-hundred day moving average price is $153.49. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market cap of $47.49 billion, a P/E ratio of 23.90 and a beta of 1.40.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, analysts expect that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.23 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Vistra's dividend payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

VST has been the topic of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Zacks Research lowered Vistra from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. TD Cowen dropped their price target on Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the stock an "outperform" rating in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group set a $206.00 price objective on Vistra in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and a consensus target price of $223.53.

About Vistra

Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.

Vistra's generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.

The company was established in 2016 following the separation of Energy Future Holdings' competitive energy businesses.

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