Sapient Capital LLC Decreases Stock Holdings in Vistra Corp. $VST

Sapient Capital LLC lessened its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,055,564 shares of the company's stock after selling 13,122 shares during the quarter. Vistra comprises 3.7% of Sapient Capital LLC's portfolio, making the stock its 5th biggest holding. Sapient Capital LLC owned 0.31% of Vistra worth $204,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock valued at $490,000 after purchasing an additional 75 shares during the period. Gallacher Capital Management LLC grew its holdings in Vistra by 4.6% during the 2nd quarter. Gallacher Capital Management LLC now owns 1,839 shares of the company's stock valued at $356,000 after buying an additional 81 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in Vistra by 2.0% during the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock valued at $493,000 after buying an additional 83 shares in the last quarter. Oak Grove Capital LLC grew its holdings in Vistra by 0.5% during the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after buying an additional 90 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Vistra Stock Down 2.0%

Shares of VST stock opened at $209.22 on Wednesday. Vistra Corp. has a 1-year low of $88.89 and a 1-year high of $217.90. The stock's fifty day moving average price is $197.31 and its 200 day moving average price is $162.77. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of $70.89 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $5.15 billion. On average, research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Melius assumed coverage on Vistra in a report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target for the company. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. 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. The Goldman Sachs Group raised their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, UBS Group raised their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 105,402 shares of company stock worth $21,742,629. 1.42% of the stock is owned by insiders.

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.

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