Vistra Corp. $VST Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Vistra Corp. by 33.6%, selling 769,384 shares and holding 1,521,178 shares valued at approximately $178.6 million.
• Corporate insiders, including Director John R. Sult and EVP Stephanie Zapata Moore, have sold a combined total of 110,000 shares worth nearly $18.58 million in the previous quarter.
• Analysts have raised price targets for Vistra, with Jefferies Financial Group setting a new price objective of $241.00, indicating a bullish outlook with a consensus rating of "Moderate Buy."

Wellington Management Group LLP decreased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 33.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,521,178 shares of the company's stock after selling 769,384 shares during the quarter. Wellington Management Group LLP owned 0.45% of Vistra worth $178,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position 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 lifted its position in shares of Vistra by 1.9% during the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock worth $362,166,000 after purchasing an additional 57,358 shares during the last quarter. Castle Hook Partners LP boosted its stake in shares of Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Vistra by 5.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company's stock worth $304,148,000 after purchasing an additional 106,803 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Vistra by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,072,045 shares of the company's stock worth $285,674,000 after buying an additional 132,530 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $18,579,650 over the last quarter. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 0.0%

Shares of VST traded up $0.0160 during mid-day trading on Friday, hitting $190.2960. The company's stock had a trading volume of 3,444,858 shares, compared to its average volume of 4,641,922. 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 company's 50-day moving average is $194.24 and its 200-day moving average is $158.25. Vistra Corp. has a 52-week low of $72.90 and a 52-week high of $216.85. The firm has a market capitalization of $64.48 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Melius Research raised shares of Vistra to a "strong-buy" rating in a research note on Wednesday. Morgan Stanley boosted their price target 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 began coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.93.

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.