Vistra Corp. (NYSE:VST) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its position in shares of Vistra Corp. (NYSE:VST) by 57.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,119 shares of the company’s stock after selling 220,968 shares during the quarter. Artemis Investment Management LLP’s holdings in Vistra were worth $14,197,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Vistra in the 1st quarter valued at approximately $26,000. Lindbrook Capital LLC grew its stake in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Vistra in the first quarter worth $32,000. Riverview Trust Co bought a new position in shares of Vistra in the first quarter worth $39,000. Finally, ORG Partners LLC bought a new position in shares of Vistra in the first quarter worth $46,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST stock traded down $0.58 during mid-day trading on Monday, reaching $78.06. The stock had a trading volume of 2,525,657 shares, compared to its average volume of 6,778,146. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. The firm has a market cap of $27.12 billion, a PE ratio of 48.25 and a beta of 1.05. Vistra Corp. has a one year low of $29.47 and a one year high of $107.24. The firm’s 50 day simple moving average is $83.79 and its 200 day simple moving average is $73.21.

Vistra (NYSE:VST) last posted its earnings results 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 return on equity of 24.72% and a net margin of 5.66%. The company 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 business earned $1.03 EPS. On average, analysts forecast that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.12%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Insider Activity at Vistra

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VST shares. UBS Group increased their price target on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets upped their price objective on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Guggenheim upgraded Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Morgan Stanley upped their target price on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Janney Montgomery Scott assumed coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $87.83.

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.