Atria Wealth Solutions Inc. trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 33.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,656 shares of the company's stock after selling 4,443 shares during the period. Atria Wealth Solutions Inc.'s holdings in Vistra were worth $1,017,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its holdings in Vistra by 239.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 72,832 shares of the company's stock valued at $10,040,000 after purchasing an additional 51,358 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Vistra by 17.9% during the 4th quarter. Townsquare Capital LLC now owns 5,705 shares of the company's stock valued at $787,000 after purchasing an additional 867 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Vistra during the 4th quarter valued at about $237,000. Advisors Capital Management LLC lifted its holdings in Vistra by 23.9% during the 4th quarter. Advisors Capital Management LLC now owns 4,890 shares of the company's stock valued at $674,000 after purchasing an additional 943 shares during the last quarter. Finally, Keystone Financial Group bought a new position in Vistra during the 4th quarter valued at about $416,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on VST. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley boosted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $229.00 target price (up from $191.00) on shares of Vistra in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $192.62.
View Our Latest Report on VST
Vistra Trading Down 1.3%
Shares of VST traded down $2.77 on Thursday, reaching $202.52. 3,002,319 shares of the company's stock were exchanged, compared to its average volume of 7,220,523. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $68.62 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. The business has a 50 day moving average price of $190.80 and a two-hundred day moving average price of $156.67. Vistra Corp. has a 12 month low of $72.90 and a 12 month high of $216.85.
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). 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%. Research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.
Vistra Increases Dividend
The firm also recently declared 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 represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is presently 14.35%.
Insider Buying and Selling at Vistra
In related news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the transaction, the executive vice president owned 306,600 shares in the company, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the transaction, the director owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 over the last 90 days. Company insiders own 1.42% of the company's stock.
Vistra Profile
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Free Report)
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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