Vistra Corp. $VST Shares Sold by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore Pte Ltd has reduced its stake in Vistra Corp. by 47.9%, owning 5,749 shares worth $680,000 at the end of the first quarter.
• Analysts have raised their price targets for Vistra shares, with Jefferies Financial Group setting a new target at $241.00, indicating strong confidence in the company's future performance.
• Vistra recently announced a quarterly dividend of <$0.226 per share, an improvement from the previous dividend, reflecting a 0.5% yield for shareholders.

Gordian Capital Singapore Pte Ltd decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 47.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,749 shares of the company's stock after selling 5,291 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Vistra were worth $680,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock valued at $492,102,000 after acquiring an additional 11,386 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock worth $362,166,000 after buying an additional 57,358 shares during the last quarter. Castle Hook Partners LP increased its holdings in shares of Vistra by 13.6% during the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after buying an additional 353,949 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Vistra by 5.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company's stock worth $304,148,000 after buying an additional 106,803 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Vistra during the 1st quarter worth approximately $209,149,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In other news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. 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 firm's stock in a transaction 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 completion of the sale, the director owned 255,192 shares in the company, valued at $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on VST shares. Jefferies Financial Group raised their price target on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Melius started coverage on shares of Vistra in a report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Stock Performance

Shares of VST stock opened at $196.97 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The stock has a market capitalization of $66.74 billion, a PE ratio of 31.41, a P/E/G ratio of 2.24 and a beta of 1.30. The firm has a 50 day moving average of $195.43 and a two-hundred day moving average of $159.04.

Vistra (NYSE:VST - Get Free Report) last issued 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 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 analysts' expectations of $5.15 billion. On average, research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 14.35%.

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.