Vistra Corp. (NYSE:VST) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Vistra Corp. by 15.5%, selling 5,004 shares during the 1st quarter, resulting in ownership of 27,242 shares valued at about $3.2 million.
• Insider transactions revealed that directors John R. Sult and Scott B. Helm sold a combined 75,000 shares of Vistra, reflecting significant decreases in their respective ownerships.
• Vistra recently announced a quarterly dividend of $0.226, marking an increase from the previous $0.23, highlighting a 14.35% payout ratio.

Mizuho Securities USA LLC lessened its stake in Vistra Corp. (NYSE:VST - Free Report) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,242 shares of the company's stock after selling 5,004 shares during the period. Mizuho Securities USA LLC's holdings in Vistra were worth $3,199,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VST. Capital International Investors acquired a new position in Vistra in the 4th quarter valued at about $286,414,000. Palidye Holdings Caymans Ltd acquired a new position in Vistra in the 4th quarter valued at about $149,451,000. D1 Capital Partners L.P. acquired a new position in Vistra in the 4th quarter valued at about $92,649,000. Bridgewater Associates LP increased its position in Vistra by 58.9% in the 4th quarter. Bridgewater Associates LP now owns 1,773,499 shares of the company's stock valued at $244,512,000 after acquiring an additional 657,217 shares during the period. Finally, GAMMA Investing LLC increased its position in Vistra by 10,810.6% in the 1st quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock valued at $74,395,000 after acquiring an additional 627,665 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the company'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 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 position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 in the last quarter. Insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of NYSE:VST opened at $202.35 on Monday. The business's 50 day simple moving average is $188.82 and its 200-day simple moving average is $155.90. The firm has a market capitalization of $68.66 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.46 and a beta of 1.30. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. 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 announced its quarterly 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 return on equity of 104.02% and a net margin of 12.90%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. As a group, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 14.35%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley lifted their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. 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 company's stock. Based on data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.69.

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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