Gulf International Bank UK Ltd Has $2.36 Million Holdings in Vistra Corp. (NYSE:VST)

Gulf International Bank UK Ltd decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,127 shares of the company's stock after selling 6,496 shares during the quarter. Gulf International Bank UK Ltd's holdings in Vistra were worth $2,363,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after buying an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra in the 1st quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vistra in the first quarter valued at about $432,000. Envestnet Asset Management Inc. lifted its position in shares of Vistra by 29.1% during 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 in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Vistra by 12.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VST shares. BMO Capital Markets upped their price objective on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research report on Tuesday. UBS Group upped their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group lifted their target price on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.62.

Insider Transactions at Vistra

In other news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred 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 trade represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the sale, the executive vice president directly owned 306,600 shares in the company, valued at $48,136,200. This trade represents a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Down 1.3%

Vistra stock opened at $202.52 on Friday. The firm has a 50 day simple moving average of $191.43 and a 200 day simple moving average of $157.13. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85. The firm has a market capitalization of $68.62 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.37 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra's payout ratio is currently 14.35%.

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.

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