Red Tortoise LLC Sells 91 Shares of Vistra Corp. $VST

Red Tortoise LLC trimmed its stake in Vistra Corp. (NYSE:VST) by 37.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149 shares of the company’s stock after selling 91 shares during the period. Red Tortoise LLC’s holdings in Vistra were worth $29,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after buying an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Vistra during the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra during the 1st quarter worth about $432,000. Peak Financial Advisors LLC bought a new position in shares of Vistra in the 2nd quarter worth about $547,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after purchasing an additional 57,551 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. The Goldman Sachs Group lifted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $224.21.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 19,605 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total value of $3,818,661.90. Following the sale, the chief executive officer directly owned 253,815 shares in the company, valued at $49,438,085.70. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 358,274 shares of company stock worth $73,886,457. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.2%

VST opened at $202.25 on Monday. The company has a market cap of $68.53 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.02 and a beta of 1.33. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a 50 day moving average of $200.57 and a 200 day moving average of $170.61.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, sell-side analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s dividend payout ratio is presently 14.35%.

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.