Fiduciary Alliance LLC Sells 5,588 Shares of Vistra Corp. $VST

Key Points

• Fiduciary Alliance LLC reduced its stake in Vistra Corp. by 23.6% in Q2, selling 5,588 shares and leaving it with 18,083 shares valued at approximately $3.51 million.
• CEO James A. Burke sold 43,074 shares of Vistra for about $8.99 million, representing a 16.56% decrease in his position.
• Analysts have set new price targets for Vistra, with BMO Capital Markets raising its target from $191.00 to $229.00 and a consensus rating of Moderate Buy with an average target price of $201.43.

Fiduciary Alliance LLC decreased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,083 shares of the company's stock after selling 5,588 shares during the period. Fiduciary Alliance LLC's holdings in Vistra were worth $3,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock worth $490,000 after purchasing an additional 75 shares during the last quarter. Gallacher Capital Management LLC increased its stake in shares of Vistra by 4.6% in the 2nd quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock valued at $356,000 after purchasing an additional 81 shares during the last quarter. Cordatus Wealth Management LLC raised its stake in Vistra by 2.0% during the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after acquiring an additional 83 shares in the last quarter. Oak Grove Capital LLC boosted its position in Vistra by 0.5% in the first quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after buying an additional 90 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Vistra by 1.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

VST has been the subject of several recent research reports. BMO Capital Markets upped their price target on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group boosted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Morgan Stanley set a $207.00 price objective on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Finally, Wall Street Zen cut Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Vistra Price Performance

Shares of NYSE VST opened at $213.33 on Tuesday. The stock's 50-day simple moving average is $196.94 and its two-hundred day simple moving average is $162.45. Vistra Corp. has a twelve month low of $84.92 and a twelve month high of $217.90. The firm has a market capitalization of $72.28 billion, a P/E ratio of 34.02, a P/E/G ratio of 3.28 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.15 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's payout ratio is presently 14.35%.

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.

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