Interchange Capital Partners LLC Sells 1,869 Shares of Vistra Corp. $VST

Key Points

• Interchange Capital Partners LLC has reduced its stake in Vistra Corp. by 67.4%, selling 1,869 shares and now owning only 905 shares valued at $175,000.
• Several large investors have made significant changes to their stakes in Vistra, with institutional investors collectively holding 90.88% of the company's stock.
• Vistra recently declared an increased quarterly dividend of $0.226 per share, resulting in a 0.4% yield, following a previous dividend of $0.23.

Interchange Capital Partners LLC lessened its stake in Vistra Corp. (NYSE:VST - Free Report) by 67.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 905 shares of the company's stock after selling 1,869 shares during the period. Interchange Capital Partners LLC's holdings in Vistra were worth $175,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Amalgamated Bank grew its position in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra during the 1st quarter valued at $341,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Vistra during the 1st quarter valued at $432,000. Peak Financial Advisors LLC bought a new stake in shares of Vistra during the 2nd quarter valued at $547,000. Finally, Envestnet Asset Management Inc. grew its position 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 valued at $30,021,000 after acquiring an additional 57,551 shares during the period. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VST shares. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price on the stock. Daiwa America upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Finally, Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $227.58.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,365 shares of the business's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $207.55, for a total value of $4,434,305.75. Following the sale, the chief executive officer owned 269,368 shares in the company, valued at $55,907,328.40. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 463,350 shares of company stock valued at $95,374,138. 1.42% of the stock is owned by insiders.

Vistra Stock Down 1.9%

VST opened at $205.55 on Wednesday. The stock has a market cap of $69.64 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 3.11 and a beta of 1.33. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. 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's fifty day moving average is $200.30 and its 200 day moving average is $174.07.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS 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 return on equity of 108.41% and a net margin of 12.90%. On average, sell-side analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is presently 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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