Apella Capital LLC Sells 1,226 Shares of Vistra Corp. (NYSE:VST)

Apella Capital LLC lessened its position in Vistra Corp. (NYSE:VST) by 26.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,378 shares of the company’s stock after selling 1,226 shares during the quarter. Apella Capital LLC’s holdings in Vistra were worth $309,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Castle Hook Partners LP lifted its holdings in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares in the last quarter. TD Asset Management Inc increased its position in 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. Norges Bank purchased a new position in Vistra during the 4th quarter valued at about $77,523,000. Electron Capital Partners LLC increased its position in Vistra by 468.2% during the 4th quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock valued at $82,006,000 after purchasing an additional 1,754,223 shares during the period. Finally, Sapient Capital LLC purchased a new position in Vistra during the 4th quarter valued at about $45,202,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. UBS Group lifted their price objective on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. BMO Capital Markets lifted their price objective on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Janney Montgomery Scott began coverage on shares of Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.83.

Vistra Stock Performance

NYSE:VST traded down $0.45 during trading hours on Wednesday, hitting $73.94. 8,852,336 shares of the company were exchanged, compared to its average volume of 6,788,404. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 45.36 and a beta of 1.05. Vistra Corp. has a 52-week low of $28.39 and a 52-week high of $107.24. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. The company’s 50 day moving average price is $84.72 and its 200-day moving average price is $72.42.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, research analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, September 20th. Vistra’s payout ratio is currently 53.37%.

Insider Activity at Vistra

In other news, Director Lisa Crutchfield bought 335 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the purchase, the director now directly owns 32,186 shares in the company, valued at approximately $2,879,359.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.42% of the company’s stock.

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.