Vistra Corp. $VST Shares Sold by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC reduced its shareholding in Vistra Corp. by 46.9% in Q1, now holding a total of 4,527 shares valued at approximately $532,000.
• Vistra reported a loss of $0.62 per share against analyst estimates, with revenue for the quarter reaching $4.25 billion, falling short of the expected $5.15 billion.
• The company declared an increased quarterly dividend of $0.226 per share, up from the previous $0.23, reflecting a dividend yield of 0.5%.

CreativeOne Wealth LLC lowered its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 46.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,527 shares of the company's stock after selling 4,004 shares during the period. CreativeOne Wealth LLC's holdings in Vistra were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. HM Payson & Co. lifted its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Vistra during the 4th quarter worth approximately $32,000. Keener Financial Planning LLC acquired a new stake in Vistra during the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT acquired a new stake in Vistra during the 1st quarter worth approximately $39,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Vistra during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In related news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The shares were 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 $13,037,649.82. This trade represents a 24.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 1.0%

NYSE:VST traded up $1.85 during midday trading on Thursday, hitting $189.97. 2,769,407 shares of the company were exchanged, compared to its average volume of 6,904,480. The company has a fifty day simple moving average of $195.59 and a 200 day simple moving average of $159.63. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $64.36 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.5%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 14.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $201.43.

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.