Decade Renewable Partners LP Sells 8,900 Shares of Vistra Corp. $VST

Key Points

• Decade Renewable Partners LP reduced its stake in Vistra Corp. by 19.2% during the 1st quarter, selling 8,900 shares, and now holds 37,500 shares valued at approximately $4.4 million.
• Vistra recently missed earnings expectations, reporting $1.01 earnings per share against the consensus estimate of $1.63, along with a revenue of $4.25 billion compared to an estimated $5.15 billion.
• The company has announced an increase in its quarterly dividend payout to $0.226 per share, reflecting a positive shift from the previous $0.23 dividend, equating to an annual yield of 0.5%.

Decade Renewable Partners LP lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 19.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the company's stock after selling 8,900 shares during the quarter. Vistra makes up about 3.4% of Decade Renewable Partners LP's holdings, making the stock its 17th largest holding. Decade Renewable Partners LP's holdings in Vistra were worth $4,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank grew its holdings 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 in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Vistra in the 1st quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new position in Vistra in the 1st quarter valued at $432,000. Envestnet Asset Management Inc. lifted its position in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after buying an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Jefferies Financial Group increased their price objective on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley set a $207.00 price target on Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Price Performance

VST stock traded up $2.26 during trading hours on Wednesday, hitting $188.07. 2,729,291 shares of the stock traded hands, compared to its average volume of 3,900,570. The stock has a 50-day simple moving average of $195.59 and a 200 day simple moving average of $159.63. The company has a market cap of $63.72 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.18 and a beta of 1.33. 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.

Vistra (NYSE:VST - Get Free Report) last released 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $0.226 per share. 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 dividend payout ratio (DPR) is presently 14.35%.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.