Vistra Corp. $VST Holdings Cut by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its stake in shares of Vistra Corp. (NYSE:VST) by 37.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,196 shares of the company’s stock after selling 11,929 shares during the period. Concurrent Investment Advisors LLC’s holdings in Vistra were worth $3,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Vistra in the second quarter worth $4,610,496,000. Norges Bank purchased a new position in Vistra in the fourth quarter valued at about $746,729,000. Capital World Investors purchased a new position in Vistra in the fourth quarter valued at about $574,499,000. Bank of America Corp DE acquired a new position in Vistra in the 2nd quarter worth about $468,354,000. Finally, Bank of New York Mellon Corp acquired a new position in Vistra in the 2nd quarter worth about $381,938,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vistra news, Director Scott Helm sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke purchased 4,465 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the transaction, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at approximately $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 31,988 shares of company stock valued at $5,178,427 in the last quarter. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VST shares. Scotiabank raised their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. TD Cowen cut their price objective on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. UBS Group reduced their target price on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Finally, Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.53.

Vistra Price Performance

NYSE VST opened at $149.27 on Tuesday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The stock’s 50-day moving average is $149.13 and its two-hundred day moving average is $154.53. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The firm has a market cap of $50.10 billion, a P/E ratio of 25.21 and a beta of 1.40.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. On average, analysts anticipate that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.23 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio is presently 15.54%.

About Vistra

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.