Callan Family Office LLC Sells 12,832 Shares of Vistra Corp. (NYSE:VST)

Key Points

• Callan Family Office LLC reduced its stake in Vistra Corp. by 38.0%, now holding 20,944 shares valued at approximately $2.46 million.
• Several hedge funds have increased their positions in Vistra, with 90.88% of the stock owned by institutional investors and hedge funds.
• Vistra recently declared a quarterly dividend of $0.226 per share, reflecting a positive change from its previous dividend and a yield of 0.5%.

Callan Family Office LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 38.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,944 shares of the company's stock after selling 12,832 shares during the period. Callan Family Office LLC's holdings in Vistra were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VST. HM Payson & Co. grew its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Vistra in the 4th quarter valued at about $32,000. Keener Financial Planning LLC bought a new position in shares of Vistra in the 1st quarter valued at about $34,000. Zions Bancorporation National Association UT bought a new position in shares of Vistra in the 1st quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vistra in the 1st quarter valued at about $46,000. Institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

VST stock traded down $2.77 during mid-day trading on Thursday, hitting $202.52. 3,002,319 shares of the company were exchanged, compared to its average volume of 7,220,523. The business has a 50 day simple moving average of $190.80 and a 200-day simple moving average of $156.67. 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 PE ratio of 32.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85.

Vistra (NYSE:VST - Get Free Report) last released 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 net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, equities analysts forecast 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. Stockholders of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director directly owned 255,192 shares in the company, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the sale, the executive vice president owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 in the last quarter. Corporate insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Raymond James Financial assumed 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. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group set a $241.00 target price on shares of Vistra and gave the company a "buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.62.

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.