Raymond James Trust N.A. Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Raymond James Trust N.A. reduced its position in Vistra Corp. (NYSE:VST) by 42.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,761 shares of the company’s stock after selling 7,285 shares during the period. Raymond James Trust N.A.’s holdings in Vistra were worth $839,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in Vistra during the first quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Vistra during the 1st quarter valued at $32,000. EdgeRock Capital LLC purchased a new stake in Vistra during the 2nd quarter worth $34,000. Riverview Trust Co acquired a new stake in Vistra in the 1st quarter valued at $39,000. Finally, ORG Partners LLC purchased a new position in Vistra in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.6 %

Shares of NYSE:VST traded down $0.55 during midday trading on Monday, reaching $85.22. The company had a trading volume of 938,253 shares, compared to its average volume of 6,657,317. The stock has a market capitalization of $29.61 billion, a P/E ratio of 52.62 and a beta of 1.05. The stock’s fifty day moving average price is $82.15 and its 200-day moving average price is $75.94. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra Corp. has a one year low of $29.84 and a one year high of $107.24.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business earned $1.03 earnings per share. Equities research analysts expect that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 1.03%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Insider Transactions at Vistra

In other news, Director Lisa Crutchfield purchased 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now 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 can be accessed through this link. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group lifted their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets upped their target price on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Guggenheim raised shares of Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.