Credit Agricole S A Has $12.59 Million Stock Holdings in Vistra Corp. $VST

Key Points

• Credit Agricole S A reduced its stake in Vistra Corp. by 59.2%, decreasing its holdings to 107,212 shares, worth approximately $12.59 million.
• Vistra Corp. reported a quarterly earnings miss, posting $1.01 per share against an expectation of $1.63, alongside revenue of $4.25 billion, which fell short of the $5.15 billion forecast.
• The company declared an increased quarterly dividend of $0.226, payable on September 30th, showing a commitment to returning value to shareholders despite recent earnings challenges.

Credit Agricole S A decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 59.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 107,212 shares of the company's stock after selling 155,367 shares during the period. Credit Agricole S A's holdings in Vistra were worth $12,591,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Paloma Partners Management Co lifted its stake in Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after acquiring an additional 81 shares in the last quarter. Cordatus Wealth Management LLC lifted its stake in Vistra by 2.0% in the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock valued at $493,000 after acquiring an additional 83 shares in the last quarter. Oak Grove Capital LLC increased its position in shares of Vistra by 0.5% during the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock worth $2,321,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after purchasing an additional 98 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Vistra by 4.9% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

VST traded up $0.0160 during trading hours on Friday, reaching $190.2960. The company's stock had a trading volume of 3,444,858 shares, compared to its average volume of 4,641,922. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The company's 50-day moving average is $194.24 and its 200-day moving average is $158.25. 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 firm has a market cap of $64.48 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly 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 the consensus estimate of $5.15 billion. On average, equities analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was 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 of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $18,579,650 in the last ninety days. 1.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VST has been the topic of several recent analyst reports. 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. Morgan Stanley boosted 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. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two equities research analysts have 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.

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.