Sitrin Capital Management LLC Sells 2,487 Shares of Vistra Corp. $VST

Key Points

• Sitrin Capital Management LLC reduced its stake in Vistra Corp. by 8.0% during Q2, now holding 28,481 shares, valued at approximately $5.52 million.
• Insider CEO James A. Burke sold 21,376 shares of Vistra, resulting in a 7.48% decrease in his ownership, while insiders collectively sold 422,389 shares worth nearly $87 million in the last quarter.
• Analysts are optimistic about Vistra's future performance, with target prices from brokerages ranging between $230.00 and $256.00, and the company maintaining an average rating of "Buy".

Sitrin Capital Management LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,481 shares of the company's stock after selling 2,487 shares during the period. Vistra makes up 2.8% of Sitrin Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Sitrin Capital Management LLC's holdings in Vistra were worth $5,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Amalgamated Bank lifted its holdings in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Vistra in the 1st quarter worth $341,000. Dynamic Advisor Solutions LLC bought a new position in shares of Vistra in the 1st quarter worth $432,000. Peak Financial Advisors LLC bought a new position in shares of Vistra in the 2nd quarter worth $547,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 21,376 shares of Vistra stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $201.49, for a total transaction of $4,307,050.24. Following the sale, the chief executive officer directly owned 264,329 shares in the company, valued at $53,259,650.21. The trade was a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 422,389 shares of company stock worth $86,992,610. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. JPMorgan Chase & Co. increased their target price on Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Jefferies Financial Group reiterated a "hold" rating and issued a $230.00 target price (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Scotiabank began coverage on Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 target price on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Vistra in a research report on Wednesday. Finally, Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Buy" and an average target price of $227.85.

Vistra Trading Up 3.5%

NYSE VST opened at $206.51 on Thursday. The stock has a market capitalization of $69.97 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.98 and a beta of 1.33. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. 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 business's fifty day moving average is $200.67 and its 200-day moving average is $171.54.

Vistra (NYSE:VST - Get Free Report) last released its 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). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Vistra Company 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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