Truist Financial Corp Has $1.85 Million Holdings in Vistra Corp. (NYSE:VST)

Truist Financial Corp lowered its stake in shares of Vistra Corp. (NYSE:VST) by 46.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,529 shares of the company’s stock after selling 18,576 shares during the period. Truist Financial Corp’s holdings in Vistra were worth $1,851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Atria Investments Inc purchased a new stake in shares of Vistra in the first quarter valued at about $1,675,000. Teachers Retirement System of The State of Kentucky increased its stake in Vistra by 41.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after buying an additional 33,738 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Vistra by 8.1% during the 2nd quarter. Intech Investment Management LLC now owns 206,648 shares of the company’s stock worth $17,768,000 after buying an additional 15,407 shares in the last quarter. Banco Santander S.A. purchased a new position in shares of Vistra in the 1st quarter worth approximately $673,000. Finally, Inspire Investing LLC bought a new position in shares of Vistra in the first quarter valued at approximately $904,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 1.0 %

NYSE:VST opened at $125.29 on Friday. Vistra Corp. has a 1 year low of $31.40 and a 1 year high of $143.87. The stock’s fifty day moving average price is $94.21 and its two-hundred day moving average price is $86.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market cap of $43.04 billion, a P/E ratio of 92.13 and a beta of 1.10.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 64.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley upped their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Guggenheim raised their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and set a $146.00 price target (up previously from $125.00) on shares of Vistra in a research note on Friday, October 4th. Finally, Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus price target of $125.50.

Vistra 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.