International Assets Investment Management LLC Has $537,000 Stake in Vistra Corp. $VST

Key Points

• International Assets Investment Management LLC reduced its stake in Vistra Corp. by 68.0% in Q2, now holding 2,772 shares valued at $537,000.
• CEO James A. Burke sold 21,371 shares at an average price of $204.57, reducing his ownership by 6.91%.
• Analysts have given Vistra an average rating of "Buy" with a consensus target price of $229.31, despite recent earnings missing estimates.

International Assets Investment Management LLC trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 68.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,772 shares of the company's stock after selling 5,880 shares during the period. International Assets Investment Management LLC's holdings in Vistra were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of VST. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vistra during the first quarter worth about $1,159,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Vistra by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,811 shares of the company's stock worth $9,373,000 after buying an additional 5,204 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Vistra by 4.0% during the first quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock worth $398,000 after buying an additional 130 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Vistra by 55.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,588 shares of the company's stock worth $891,000 after buying an additional 2,721 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Vistra by 2.6% during the first quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company's stock worth $15,920,000 after buying an additional 3,412 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James A. Burke sold 21,371 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $204.57, for a total value of $4,371,865.47. Following the completion of the sale, the chief executive officer directly owned 287,859 shares of the company's stock, valued at $58,887,315.63. This trade represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 632,966 shares of company stock valued at $130,462,677 over the last ninety days. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VST shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, September 17th. Melius started coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Vistra in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Vistra currently has an average rating of "Buy" and a consensus target price of $229.31.

Vistra Stock Performance

Shares of NYSE VST opened at $186.29 on Wednesday. The stock has a 50 day moving average price of $200.00 and a 200 day moving average price of $177.06. Vistra Corp. has a 52 week low of $90.51 and a 52 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 stock has a market capitalization of $63.12 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last issued 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). 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 analyst estimates of $5.15 billion. Analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. The ex-dividend date of this dividend was 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 0.5%. Vistra's payout ratio is 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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