Gables Capital Management Inc. Sells 300 Shares of Vistra Corp. $VST

Gables Capital Management Inc. lessened its position in Vistra Corp. (NYSE:VST) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,975 shares of the company’s stock after selling 300 shares during the period. Gables Capital Management Inc.’s holdings in Vistra were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of VST. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Vistra in the 1st quarter worth $1,159,000. Cambridge Investment Research Advisors Inc. raised its holdings in Vistra by 7.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 79,811 shares of the company’s stock worth $9,373,000 after acquiring an additional 5,204 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Vistra by 4.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company’s stock worth $398,000 after acquiring an additional 130 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Vistra by 55.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,588 shares of the company’s stock worth $891,000 after acquiring an additional 2,721 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Vistra by 2.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company’s stock worth $15,920,000 after acquiring an additional 3,412 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VST. The Goldman Sachs Group boosted their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley boosted their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. BMO Capital Markets boosted their price objective on shares of Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price of $229.31.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 632,966 shares of company stock valued at $130,462,677 in the last quarter. 1.42% of the stock is owned by insiders.

Vistra Price Performance

Shares of Vistra stock opened at $186.29 on Wednesday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm’s 50-day simple moving average is $200.00 and its 200-day simple moving average is $177.06. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market cap of $63.12 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33.

Vistra (NYSE:VST) last issued its earnings results 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

About Vistra

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.