Vistra Corp. $VST Shares Sold by Bank of Hawaii

Key Points

• Bank of Hawaii cut its Vistra stake by 52.9% in the fourth quarter, selling 10,408 shares and leaving it with 9,264 shares valued at about $1.5 million.
• Vistra recently beat expectations in its latest quarter, reporting $2.87 EPS versus the $1.32 consensus and revenue of $5.64 billion versus $5.22 billion expected.
• The company announced a quarterly dividend of $0.229 per share, while analysts remain broadly positive with a consensus Buy rating and average price target of $230.44.

Bank of Hawaii cut its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,264 shares of the company's stock after selling 10,408 shares during the quarter. Bank of Hawaii's holdings in Vistra were worth $1,495,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company's stock worth $6,709,519,000 after acquiring an additional 390,157 shares during the period. State Street Corp lifted its stake in shares of Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company's stock worth $2,657,891,000 after purchasing an additional 432,028 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vistra by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company's stock worth $1,441,112,000 after purchasing an additional 97,424 shares during the period. Norges Bank acquired a new stake in shares of Vistra during the fourth quarter worth $746,729,000. Finally, Invesco Ltd. boosted its holdings in shares of Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company's stock worth $895,872,000 after purchasing an additional 35,258 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

VST stock opened at $163.59 on Friday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company's 50-day moving average is $154.21 and its 200-day moving average is $159.63. The stock has a market capitalization of $55.16 billion, a PE ratio of 27.40 and a beta of 1.40. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities research analysts expect that Vistra Corp. will post 9.31 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra's payout ratio is currently 15.24%.

Wall Street Analyst Weigh In

Several research firms recently commented on VST. Morgan Stanley reiterated an "overweight" rating and issued a $212.00 target price on shares of Vistra in a research note on Thursday, May 21st. TD Cowen lowered their target price on shares of Vistra from $253.00 to $230.00 and set a "buy" rating for the company in a report on Monday, May 4th. Raymond James Financial set a $208.00 price target on shares of Vistra in a research report on Monday, April 27th. Seaport Research Partners reaffirmed a "buy" rating and set a $230.00 price target on shares of Vistra in a research note on Monday. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of "Buy" and a consensus target price of $230.44.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,088 shares of company stock valued at $5,634,227 over the last ninety days. 0.92% of the stock is owned by company insiders.

Vistra Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.