Vistra Corp. (NYSE:VST) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in shares of Vistra Corp. (NYSE:VST) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,915 shares of the company’s stock after selling 1,124 shares during the period. Gulf International Bank UK Ltd’s holdings in Vistra were worth $3,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Redwood Wealth Management Group LLC purchased a new stake in Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new stake in Vistra during the 1st quarter valued at about $32,000. CVA Family Office LLC grew its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in Vistra during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $145.40.

Vistra Stock Performance

NYSE:VST opened at $126.26 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a market capitalization of $43.38 billion, a P/E ratio of 92.84 and a beta of 1.09. The company has a 50 day moving average price of $110.89 and a 200 day moving average price of $93.99. Vistra Corp. has a fifty-two week low of $33.84 and a fifty-two week high of $143.87.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the previous year, the business posted $1.03 EPS. Equities research analysts forecast that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. Vistra’s dividend payout ratio is 64.71%.

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.