CenterBook Partners LP Cuts Stock Holdings in Vistra Corp. $VST

CenterBook Partners LP reduced its stake in shares of Vistra Corp. (NYSE:VST) by 66.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,904 shares of the company’s stock after selling 13,805 shares during the quarter. CenterBook Partners LP’s holdings in Vistra were worth $1,114,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra during the 4th quarter valued at about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Vistra during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC increased its stake in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares during the period. Triumph Capital Management bought a new stake in Vistra in the third quarter valued at approximately $38,000. Finally, Strive Asset Management LLC bought a new stake in Vistra in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $138.30 on Thursday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The firm has a market cap of $46.63 billion, a P/E ratio of 23.17 and a beta of 1.40. The business’s 50 day moving average price is $153.73 and its 200-day moving average price is $160.45.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. On average, equities research analysts anticipate that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.

Insider Buying and Selling at Vistra

In other news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial set a $208.00 price objective on shares of Vistra in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $233.33.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.