Royal Bank of Canada Has $189.06 Million Holdings in Vistra Corp. $VST

Key Points

• Royal Bank of Canada has reduced its holdings in Vistra Corp by 14.4%, bringing its total shares owned to approximately 1.61 million, valued at $189 million.
• Vistra's recent quarterly earnings report showed an EPS of $1.01, falling short of analysts' estimates of $1.63, with revenue of $4.25 billion compared to expected $5.15 billion.
• The company has declared a quarterly dividend of $0.226 per share, reflecting an increase from the previous $0.23, with a 0.5% yield.

Royal Bank of Canada trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,609,804 shares of the company's stock after selling 270,295 shares during the quarter. Royal Bank of Canada owned approximately 0.47% of Vistra worth $189,056,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Energy Income Partners LLC increased its holdings in shares of Vistra by 3.2% during the first quarter. Energy Income Partners LLC now owns 427,339 shares of the company's stock valued at $50,187,000 after purchasing an additional 13,115 shares during the period. Steamboat Capital Partners LLC increased its holdings in shares of Vistra by 303.2% during the first quarter. Steamboat Capital Partners LLC now owns 19,655 shares of the company's stock valued at $2,308,000 after purchasing an additional 14,780 shares during the period. MAI Capital Management increased its holdings in shares of Vistra by 17.2% during the first quarter. MAI Capital Management now owns 899 shares of the company's stock valued at $106,000 after purchasing an additional 132 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Vistra by 296.3% during the first quarter. Baird Financial Group Inc. now owns 55,755 shares of the company's stock valued at $6,548,000 after purchasing an additional 41,687 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of Vistra by 30.8% during the first quarter. Panagora Asset Management Inc. now owns 70,094 shares of the company's stock valued at $8,232,000 after purchasing an additional 16,490 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on VST shares. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a report on Friday. UBS Group lifted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Melius Research raised Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets lifted their target price on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.43.

Vistra Trading Down 1.1%

VST traded down $2.00 during trading on Friday, reaching $187.73. The company had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The firm's 50-day simple moving average is $195.43 and its 200 day simple moving average is $159.91. The company has a market cap of $63.61 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.96 and a beta of 1.33. Vistra Corp. has a 12-month low of $72.90 and a 12-month high of $216.85. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

About Vistra

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.