LSV Asset Management Decreases Stock Position in Vistra Corp. (NYSE:VST)

LSV Asset Management trimmed its position in shares of Vistra Corp. (NYSE:VST) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,136,484 shares of the company’s stock after selling 18,500 shares during the quarter. LSV Asset Management owned approximately 2.28% of Vistra worth $313,417,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new stake in shares of Vistra during the third quarter worth $268,000. Commonwealth Equity Services LLC grew its stake in Vistra by 33.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 27,240 shares of the company’s stock valued at $904,000 after acquiring an additional 6,849 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Vistra by 45.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 70,717 shares of the company’s stock valued at $2,346,000 after acquiring an additional 22,217 shares during the last quarter. Xponance Inc. lifted its stake in Vistra by 99.8% in the 3rd quarter. Xponance Inc. now owns 57,862 shares of the company’s stock worth $1,920,000 after purchasing an additional 28,908 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of Vistra during the 3rd quarter worth approximately $26,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Up 2.0 %

NYSE VST traded up $1.62 during trading on Friday, hitting $81.49. The stock had a trading volume of 5,588,512 shares, compared to its average volume of 5,651,998. The company has a market capitalization of $28.35 billion, a PE ratio of 22.76 and a beta of 1.02. Vistra Corp. has a twelve month low of $22.69 and a twelve month high of $83.03. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The firm has a 50 day moving average price of $66.79 and a 200 day moving average price of $48.17.

Vistra (NYSE:VST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. As a group, equities research analysts forecast that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.218 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a yield of 1.07%. Vistra’s dividend payout ratio (DPR) is 24.02%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VST shares. Janney Montgomery Scott began coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price for the company. Evercore ISI lifted their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Morgan Stanley reiterated an “overweight” rating and issued a $78.00 target price on shares of Vistra in a report on Monday, March 25th. Finally, BMO Capital Markets raised their price target on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $67.20.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the transaction, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the sale, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at $9,470,448. The disclosure for this sale can be found here. Insiders sold 257,285 shares of company stock valued at $15,404,397 in the last three months. 1.42% of the stock is owned by corporate insiders.

About Vistra

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.