Vistra Corp. (NYSE:VST) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT decreased its position in shares of Vistra Corp. (NYSE:VST) by 44.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 803,814 shares of the company’s stock after selling 632,058 shares during the quarter. Vistra makes up about 2.3% of Sound Shore Management Inc. CT’s holdings, making the stock its 27th largest position. Sound Shore Management Inc. CT’s holdings in Vistra were worth $69,112,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Simplicity Wealth LLC increased its holdings in Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after purchasing an additional 112 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Vistra by 16.8% in the first quarter. Lindbrook Capital LLC now owns 981 shares of the company’s stock valued at $68,000 after acquiring an additional 141 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Vistra by 38.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Vistra by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock valued at $2,539,000 after acquiring an additional 170 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in Vistra by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,965 shares of the company’s stock valued at $341,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE:VST opened at $107.77 on Friday. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $108.26. 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 cap of $37.03 billion, a P/E ratio of 66.12 and a beta of 1.08. The business’s 50-day moving average price is $80.15 and its two-hundred day moving average price is $80.56.

Vistra (NYSE:VST) last announced its quarterly earnings data 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 net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company posted $1.03 earnings per share. As a group, equities analysts predict that Vistra Corp. will post 4.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VST shares. Jefferies Financial Group started coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 price objective on the stock. BMO Capital Markets increased their price target on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $91.71.

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.