TD Private Client Wealth LLC Cuts Stake in Vistra Corp. $VST

Key Points

• TD Private Client Wealth LLC significantly reduced its stake in Vistra Corp. by 87.0% in the second quarter, holding only 1,638 shares worth $317,000 after selling 10,952 shares.
• Vistra Corp. reported $1.01 earnings per share for the latest quarter, missing estimates by $0.62, with a revenue of $4.25 billion, lower than the forecasted $5.15 billion.
• The company recently declared a quarterly dividend of $0.226, increasing from the previous dividend and representing an annualized yield of 0.4%.

TD Private Client Wealth LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 87.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,638 shares of the company's stock after selling 10,952 shares during the quarter. TD Private Client Wealth LLC's holdings in Vistra were worth $317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its holdings in Vistra by 21.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the company's stock valued at $138,000 after buying an additional 204 shares during the last quarter. GAMMA Investing LLC increased its holdings in Vistra by 10,810.6% in the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock valued at $74,395,000 after buying an additional 627,665 shares during the last quarter. Rothschild Investment LLC increased its holdings in Vistra by 81.9% in the first quarter. Rothschild Investment LLC now owns 842 shares of the company's stock valued at $99,000 after buying an additional 379 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Vistra by 99.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,798 shares of the company's stock valued at $681,000 after buying an additional 2,885 shares during the last quarter. Finally, Czech National Bank increased its holdings in Vistra by 5.9% in the first quarter. Czech National Bank now owns 78,144 shares of the company's stock valued at $9,177,000 after buying an additional 4,376 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of NYSE:VST opened at $207.27 on Monday. The company's fifty day moving average is $199.88 and its two-hundred day moving average is $168.07. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The company has a market cap of $70.23 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 3.14 and a beta of 1.34.

Vistra (NYSE:VST - Get Free Report) last posted 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on VST. Daiwa Capital Markets upgraded Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, September 17th. JPMorgan Chase & Co. lifted their target price on Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Jefferies Financial Group reiterated a "hold" rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Morgan Stanley upped their target price on Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Melius Research upgraded Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Three 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $218.20.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 276,319 shares of company stock worth $57,544,816 over the last 90 days. Corporate 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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