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Headlands Technologies LLC Decreases Stake in Vistra Corp. (NYSE:VST)

Vistra logo with Utilities background

Key Points

  • Headlands Technologies LLC reduced its stake in Vistra Corp. by 57.7% in the first quarter, now holding 3,597 shares worth approximately $422,000.
  • Insider selling is notable, with EVP Carrie Lee Kirby and Director John R. Sult selling a combined total of 133,000 shares recently, reflecting significant decreases in their ownership positions.
  • Vistra Corp. reported Q2 earnings of $1.01 EPS, falling short of analysts' estimates, while the company has announced an increase in its quarterly dividend to $0.226 per share, effective September 30th.
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Headlands Technologies LLC lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,597 shares of the company's stock after selling 4,907 shares during the period. Headlands Technologies LLC's holdings in Vistra were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VST. HM Payson & Co. increased its stake in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Vistra in the fourth quarter worth $32,000. Keener Financial Planning LLC purchased a new position in shares of Vistra in the first quarter valued at about $34,000. Opal Wealth Advisors LLC purchased a new position in shares of Vistra in the first quarter valued at about $46,000. Finally, Golden State Wealth Management LLC increased its holdings in Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Performance

Shares of Vistra stock traded down $2.77 during trading on Thursday, hitting $202.52. 3,002,319 shares of the company's stock traded hands, compared to its average volume of 5,197,070. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.77. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85. The stock has a market capitalization of $68.62 billion, a P/E ratio of 32.30, a PEG ratio of 2.37 and a beta of 1.30. The business has a 50-day simple moving average of $191.43 and a 200-day simple moving average of $157.13.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. Vistra's payout ratio is 14.35%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VST shares. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley boosted their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. BMO Capital Markets reissued an "outperform" rating and set a $229.00 price objective (up from $191.00) on shares of Vistra in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $192.62.

View Our Latest Stock Report on VST

About Vistra

(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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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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