Vistra Corp. (NYSE:VST) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its position in shares of Vistra Corp. (NYSE:VST) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,607 shares of the company’s stock after selling 583 shares during the period. Sunbelt Securities Inc.’s holdings in Vistra were worth $396,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lone Pine Capital LLC increased its position in Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after purchasing an additional 425,126 shares in the last quarter. Third Point LLC boosted its stake in Vistra by 27.6% during the 4th quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after purchasing an additional 995,748 shares during the period. Castle Hook Partners LP increased its holdings in shares of Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after purchasing an additional 3,108,511 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after acquiring an additional 363,897 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VST has been the subject of several research reports. Morgan Stanley raised their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. BMO Capital Markets increased their price target on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $110.83.

Vistra Stock Up 3.4 %

Shares of Vistra stock opened at $122.57 on Wednesday. Vistra Corp. has a 12-month low of $31.16 and a 12-month high of $122.64. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $42.59 billion, a P/E ratio of 75.20 and a beta of 1.08. The stock has a 50 day moving average price of $84.42 and a two-hundred day moving average price of $83.17.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Equities analysts expect that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. Vistra’s payout ratio is presently 53.37%.

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.