Chevy Chase Trust Holdings LLC Has $34.78 Million Stock Position in Vistra Corp. $VST

Chevy Chase Trust Holdings LLC grew its stake in Vistra Corp. (NYSE:VST) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 179,446 shares of the company’s stock after purchasing an additional 863 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Vistra worth $34,778,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Banque Transatlantique SA increased its position in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. HM Payson & Co. increased its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of Vistra in the 1st quarter valued at $34,000. WPG Advisers LLC bought a new stake in shares of Vistra in the 1st quarter valued at $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Vistra in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on VST shares. Morgan Stanley upped their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Scotiabank started coverage on shares of Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective for the company. BMO Capital Markets increased their target price on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Cowen started coverage on Vistra in a report on Wednesday. They set a “buy” rating for the company. Finally, Melius started coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $229.31.

Vistra Price Performance

VST stock opened at $201.53 on Friday. The stock has a 50-day moving average price of $200.58 and a two-hundred day moving average price of $175.51. The stock has a market cap of $68.28 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.99 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 14.35%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 590,228 shares of company stock valued at $121,653,740. 1.42% of the stock is owned by company insiders.

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.