iA Global Asset Management Inc. Has $1.56 Million Stake in Vistra Corp. (NYSE:VST)

iA Global Asset Management Inc. trimmed its stake in shares of Vistra Corp. (NYSE:VST) by 84.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,155 shares of the company’s stock after selling 96,104 shares during the period. iA Global Asset Management Inc.’s holdings in Vistra were worth $1,561,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VST. International Assets Investment Management LLC lifted its position in shares of Vistra by 32,652.4% during the fourth quarter. International Assets Investment Management LLC now owns 61,247 shares of the company’s stock worth $2,359,000 after purchasing an additional 61,060 shares in the last quarter. CWM LLC lifted its holdings in Vistra by 58.8% in the fourth quarter. CWM LLC now owns 4,046 shares of the company’s stock valued at $156,000 after buying an additional 1,498 shares during the period. Victory Capital Management Inc. lifted its holdings in Vistra by 11.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,313,606 shares of the company’s stock valued at $127,640,000 after buying an additional 334,448 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Vistra by 13.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 56,794 shares of the company’s stock valued at $2,188,000 after buying an additional 6,579 shares during the period. Finally, Westover Capital Advisors LLC acquired a new position in Vistra in the fourth quarter valued at approximately $2,877,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VST shares. UBS Group increased their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets upped their target price on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, Morgan Stanley upped their target price on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus target price of $87.83.

Vistra Stock Up 0.9 %

Shares of VST stock opened at $85.43 on Friday. The firm has a fifty day moving average of $81.90 and a 200-day moving average of $77.15. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $30.36 and a 12-month high of $107.24. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 52.41 and a beta of 1.05.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, equities research analysts predict that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 1.03%. Vistra’s dividend payout ratio is presently 53.37%.

Insider Buying and Selling

In other Vistra news, Director Lisa Crutchfield bought 335 shares of Vistra stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the acquisition, the director now owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.