Warther Private Wealth LLC Cuts Stock Holdings in Vistra Corp. $VST

Key Points

• Warther Private Wealth LLC reduced its holdings in Vistra Corp. by 52.5%, now owning 54,175 shares valued at approximately $10.5 million.
• CEO James A. Burke sold 43,074 shares of Vistra, reflecting a 16.56% decrease in his ownership position.
• Vistra recently announced a quarterly dividend of $0.226, representing an increase from its previous dividend of $0.23.

Warther Private Wealth LLC trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 52.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,175 shares of the company's stock after selling 59,870 shares during the quarter. Vistra makes up about 2.7% of Warther Private Wealth LLC's portfolio, making the stock its 14th biggest holding. Warther Private Wealth LLC's holdings in Vistra were worth $10,500,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Strategic Blueprint LLC increased its holdings in shares of Vistra by 41.2% during the 2nd quarter. Strategic Blueprint LLC now owns 3,014 shares of the company's stock valued at $584,000 after purchasing an additional 880 shares in the last quarter. Principle Wealth Partners LLC increased its holdings in Vistra by 35.6% in the 2nd quarter. Principle Wealth Partners LLC now owns 15,030 shares of the company's stock worth $2,913,000 after acquiring an additional 3,950 shares in the last quarter. Ethic Inc. increased its holdings in Vistra by 9.5% in the 2nd quarter. Ethic Inc. now owns 5,531 shares of the company's stock worth $1,079,000 after acquiring an additional 478 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in Vistra in the 2nd quarter worth $314,000. Finally, Adams Diversified Equity Fund Inc. increased its holdings in Vistra by 31.7% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 37,400 shares of the company's stock worth $7,248,000 after acquiring an additional 9,000 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 632,966 shares of company stock valued at $130,462,677. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST opened at $185.77 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market cap of $62.94 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. The company's 50 day simple moving average is $199.60 and its 200-day simple moving average is $177.12. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last announced its 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 business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank assumed coverage on shares of Vistra in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $256.00 price target for the company. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. The Goldman Sachs Group upped their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, October 3rd. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $229.31.

Vistra 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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