Okabena Investment Services Inc. Decreases Stake in Vistra Corp. $VST

Okabena Investment Services Inc. cut its position in Vistra Corp. (NYSE:VST) by 36.1% during the second quarter, HoldingsChannel reports. The firm owned 3,064 shares of the company’s stock after selling 1,734 shares during the quarter. Okabena Investment Services Inc.’s holdings in Vistra were worth $594,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA grew its stake in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Anfield Capital Management LLC purchased a new position in shares of Vistra in the 2nd quarter valued at about $29,000. City State Bank lifted its stake in Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Vistra during the first quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new position in shares of Vistra in the 1st quarter valued at $37,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $230.00 target price (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Scotiabank began coverage on Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective 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. BMO Capital Markets increased their price target on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $225.00 price objective on shares of Vistra in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $233.20.

Vistra Stock Up 1.2%

VST stock opened at $179.00 on Monday. The stock has a market capitalization of $60.65 billion, a PE ratio of 64.62, a price-to-earnings-growth ratio of 3.08 and a beta of 1.39. The company has a fifty day moving average of $191.92 and a 200-day moving average of $189.25. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST) last released its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 32.49%.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares in the company, valued at approximately $51,772,476. This represents a 15.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 868,339 shares of company stock worth $173,242,584 in the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

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.