Sumitomo Mitsui Trust Group Inc. Sells 24,674 Shares of Vistra Corp. $VST

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its stake in Vistra Corp. by 2.9%, selling 24,674 shares during the second quarter, leaving it with approximately 0.24% ownership worth $161.12 million.
• Vistra Corp. announced a quarterly dividend of $0.226 per share, up from the previous dividend of $0.23, with an annualized payout of $0.90 and a yield of 0.4%.
• Analysts' ratings for Vistra show a consensus of Buy with a target price around $229.31, although recent EPS were lower than expected, missing the consensus estimate by ($0.62).

Sumitomo Mitsui Trust Group Inc. reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 831,329 shares of the company's stock after selling 24,674 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Vistra worth $161,120,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VST. Oppenheimer Asset Management Inc. boosted its stake in Vistra by 55.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,588 shares of the company's stock worth $891,000 after acquiring an additional 2,721 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Vistra by 2.6% during the first quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company's stock worth $15,920,000 after acquiring an additional 3,412 shares in the last quarter. Spire Wealth Management boosted its stake in Vistra by 6.6% during the first quarter. Spire Wealth Management now owns 7,603 shares of the company's stock worth $893,000 after acquiring an additional 469 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after acquiring an additional 381 shares in the last quarter. Finally, KPP Advisory Services LLC boosted its stake in Vistra by 15.8% during the first quarter. KPP Advisory Services LLC now owns 2,432 shares of the company's stock worth $286,000 after acquiring an additional 332 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. Jefferies Financial Group reissued a "hold" rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Morgan Stanley raised their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. Scotiabank assumed coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 price objective on the stock. Melius assumed coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Vistra presently has a consensus rating of "Buy" and a consensus target price of $229.31.

Vistra Stock Performance

Shares of VST stock opened at $201.62 on Friday. The firm has a 50-day moving average of $199.45 and a 200-day moving average of $178.41. The company has a market cap of $68.31 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.72 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra's dividend payout ratio is 14.35%.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 19,612 shares of the firm's stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total transaction of $3,692,939.60. Following the completion of the sale, the chief executive officer owned 292,642 shares in the company, valued at approximately $55,104,488.60. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 654,583 shares of company stock worth $134,542,882 in the last three months. Company insiders own 1.42% of the company's stock.

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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