Paralel Advisors LLC Sells 7,412 Shares of Vistra Corp. $VST

Key Points

• Paralel Advisors reduced its Vistra stake by 32.5% in the second quarter, selling 7,412 shares and retaining 15,366 shares valued at approximately $2.44 million. Institutional investors collectively own 90.88% of Vistra.
• Vistra shares opened at $138.88, down 2.7%, after the company reported quarterly EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus expectations of $5.46 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $226 price target, while insiders sold 41,588 shares worth $6.74 million over the past 90 days. Vistra also declared a quarterly dividend of $0.23 per share.

Paralel Advisors LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 32.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,366 shares of the company's stock after selling 7,412 shares during the quarter. Paralel Advisors LLC's holdings in Vistra were worth $2,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. BlackRock Inc. acquired a new stake in Vistra in the second quarter worth $4,610,496,000. Norges Bank acquired a new position in shares of Vistra in the 4th quarter valued at $746,729,000. Fifth Third Bancorp grew its holdings in shares of Vistra by 95.1% in the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company's stock valued at $26,638,000 after buying an additional 86,393 shares during the period. Payden & Rygel grew its holdings in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company's stock valued at $5,711,000 after buying an additional 34,300 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra in the 4th quarter valued at $29,875,000. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the sale, the director owned 70,714 shares of the company's stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock valued at $6,739,227 in the last ninety days. Corporate insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on VST. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Tuesday, June 16th. The Goldman Sachs Group set a $206.00 target price on Vistra in a research note on Wednesday, August 12th. Zacks Research downgraded Vistra from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Weiss Ratings lowered Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Finally, UBS Group cut their price objective on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.00.

Vistra Trading Down 2.7%

VST opened at $138.88 on Friday. The stock has a market capitalization of $46.61 billion, a P/E ratio of 23.46 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm's fifty day simple moving average is $153.96 and its 200 day simple moving average is $155.97.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. As a group, research analysts anticipate that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra's dividend payout ratio is 15.54%.

About Vistra

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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