Resolute Capital Asset Partners LLC Lowers Position in Vistra Corp. $VST

Key Points

• Resolute Capital Asset Partners LLC reduced its stake in Vistra Corp. by 34.7%, now holding 32,217 shares, equivalent to its 16th largest position in the portfolio.
• Despite this reduction, other institutional investors have increased their holdings in Vistra, with Amalgamated Bank boosting its position by 1.9% and Dynamic Advisor Solutions LLC acquiring a new position valued at $432,000.
• Analysts are optimistic about Vistra, with several upgrades, including a price target increase from BMO Capital Markets to $229.00 and a consensus target price of $199.93.

Resolute Capital Asset Partners LLC trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 34.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,217 shares of the company's stock after selling 17,083 shares during the quarter. Vistra accounts for 2.1% of Resolute Capital Asset Partners LLC's portfolio, making the stock its 16th largest position. Resolute Capital Asset Partners LLC's holdings in Vistra were worth $3,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank increased its stake in Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after buying an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Vistra in the 1st quarter valued at about $341,000. Dynamic Advisor Solutions LLC bought a new stake in Vistra in the 1st quarter valued at about $432,000. Envestnet Asset Management Inc. boosted its holdings in Vistra by 29.1% in the 1st 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 during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Vistra by 12.9% in the 1st 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 during the period. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

NYSE:VST traded down $0.56 during mid-day trading on Monday, hitting $189.90. 2,720,997 shares of the stock traded hands, compared to its average volume of 4,539,679. The business's 50-day moving average price is $194.49 and its 200 day moving average price is $158.34. The company has a market cap of $64.34 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Vistra Corp. has a 12-month low of $72.90 and a 12-month high of $216.85. 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

Analyst Ratings Changes

VST has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, UBS Group increased their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $199.93.

Insider Transactions at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,000 shares of company stock valued at $18,579,650. Company insiders own 1.42% of the company's stock.

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.