Cresset Asset Management LLC Sells 1,980 Shares of Vistra Corp. $VST

Key Points

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Cresset Asset Management LLC decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,319 shares of the company's stock after selling 1,980 shares during the quarter. Cresset Asset Management LLC's holdings in Vistra were worth $4,148,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director directly owned 255,192 shares in the company, valued at $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Sult sold 25,000 shares of the firm'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 transaction, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,000 shares of company stock worth $18,579,650. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 0.0%

NYSE VST traded up $0.0160 during trading on Friday, hitting $190.2960. The company had a trading volume of 3,444,858 shares, compared to its average volume of 7,087,100. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a one year low of $72.90 and a one year high of $216.85. The company has a market cap of $64.48 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company's fifty day moving average is $193.90 and its 200-day moving average is $158.19.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.15 billion. On average, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VST. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Melius began coverage on Vistra in a research note on Wednesday. They set a "buy" rating and a $295.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Jefferies Financial Group lifted their price objective on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $199.93.

Vistra Company 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.