IFM Investors Pty Ltd Sells 16,501 Shares of Vistra Corp. (NYSE:VST)

IFM Investors Pty Ltd lowered its holdings in shares of Vistra Corp. (NYSE:VST) by 20.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,716 shares of the company’s stock after selling 16,501 shares during the period. IFM Investors Pty Ltd’s holdings in Vistra were worth $7,553,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Simplicity Wealth LLC boosted its stake in Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after acquiring an additional 112 shares in the last quarter. New Century Financial Group LLC lifted its stake in shares of Vistra by 4.4% in the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock worth $316,000 after buying an additional 112 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Vistra by 38.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock worth $48,000 after buying an additional 155 shares in the last quarter. Apella Capital LLC lifted its stake in shares of Vistra by 4.9% in the third quarter. Apella Capital LLC now owns 3,542 shares of the company’s stock worth $444,000 after buying an additional 164 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Vistra by 7.2% in the third quarter. V Square Quantitative Management LLC now owns 2,461 shares of the company’s stock worth $292,000 after buying an additional 165 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VST. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BNP Paribas began coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. 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 report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $145.30.

Vistra Stock Down 1.2 %

Shares of VST stock opened at $124.06 on Friday. Vistra Corp. has a 12 month low of $31.92 and a 12 month high of $143.87. The stock has a market cap of $43.11 billion, a P/E ratio of 76.11 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The company has a 50 day simple moving average of $104.43 and a two-hundred day simple moving average of $90.78.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the company posted $1.03 earnings per share. On average, research analysts expect that Vistra Corp. will post 4.73 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, September 20th. Vistra’s dividend payout ratio is currently 53.37%.

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.