Retireful LLC Sells 2,809 Shares of Vistra Corp. $VST

Key Points

• Retireful LLC has reduced its holdings in Vistra Corp. by 28.3%, selling 2,809 shares in the second quarter, bringing its total ownership to 7,119 shares, which is valued at approximately $1.38 million.
• Vistra reported a Q2 earnings miss with an EPS of $1.01, significantly lower than the consensus estimate of $1.63, and the company's revenue for the quarter was $4.25 billion, below expectations.
• Vistra has declared an increase in its quarterly dividend to $0.226 per share, presenting an annualized yield of 0.4%, with the ex-dividend date set for September 19th.

Retireful LLC reduced its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,119 shares of the company's stock after selling 2,809 shares during the period. Vistra comprises 1.0% of Retireful LLC's investment portfolio, making the stock its 29th largest holding. Retireful LLC's holdings in Vistra were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VST. Banque Transatlantique SA increased its holdings in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. boosted its holdings in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Vistra during the 4th quarter valued at approximately $32,000. Keener Financial Planning LLC bought a new position in Vistra during the first quarter worth $34,000. Finally, WPG Advisers LLC bought a new position in Vistra during the first quarter worth $37,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Vistra stock opened at $204.83 on Wednesday. The stock has a market cap of $69.40 billion, a P/E ratio of 32.67, a P/E/G ratio of 3.40 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company's 50 day moving average price is $198.84 and its two-hundred day moving average price is $165.87. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

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 business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VST shares. BMO Capital Markets lifted their price objective on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Daiwa America upgraded Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $213.00.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 21,360 shares of Vistra stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $211.50, for a total value of $4,517,640.00. Following the sale, the chief executive officer owned 233,242 shares of the company's stock, valued at approximately $49,330,683. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 190,847 shares of company stock worth $39,921,480 in the last three months. 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.

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