iA Global Asset Management Inc. Sells 15,739 Shares of Vistra Corp. $VST

iA Global Asset Management Inc. cut its stake in shares of Vistra Corp. (NYSE:VST) by 32.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,269 shares of the company’s stock after selling 15,739 shares during the quarter. iA Global Asset Management Inc.’s holdings in Vistra were worth $6,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ELCO Management Co. LLC acquired a new stake in shares of Vistra during the second quarter worth $499,000. Peak Financial Advisors LLC acquired a new stake in shares of Vistra during the second quarter worth $547,000. Envestnet Asset Management Inc. increased its position in shares of Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after buying an additional 57,551 shares during the period. Tcfg Wealth Management LLC acquired a new stake in shares of Vistra during the second quarter worth $258,000. Finally, Modus Advisors LLC increased its position in shares of Vistra by 5.9% during the second quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock worth $4,346,000 after buying an additional 1,240 shares during the period. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. JPMorgan Chase & Co. increased their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vistra in a research note on Thursday. Cowen started coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $229.93.

Vistra Stock Performance

VST opened at $188.36 on Monday. 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 fifty day moving average price is $199.50 and its two-hundred day moving average price is $182.62. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.67 and a beta of 1.33.

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

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio is currently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 723,910 shares of company stock worth $148,086,569 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

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.