Retirement Systems of Alabama Sells 300 Shares of Vistra Corp. $VST

Retirement Systems of Alabama cut its position in shares of Vistra Corp. (NYSE:VST) by 0.4% in the second quarter, HoldingsChannel reports. The firm owned 72,812 shares of the company’s stock after selling 300 shares during the period. Retirement Systems of Alabama’s holdings in Vistra were worth $14,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HBK Sorce Advisory LLC raised its position in Vistra by 0.9% during the 2nd quarter. HBK Sorce Advisory LLC now owns 36,859 shares of the company’s stock valued at $7,144,000 after purchasing an additional 339 shares in the last quarter. Spire Wealth Management raised its position in Vistra by 129.9% during the 2nd quarter. Spire Wealth Management now owns 17,477 shares of the company’s stock valued at $3,366,000 after purchasing an additional 9,874 shares in the last quarter. Arkadios Wealth Advisors raised its position in Vistra by 32.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,758 shares of the company’s stock valued at $535,000 after purchasing an additional 669 shares in the last quarter. Emerald Advisers LLC raised its position in Vistra by 72.5% during the 2nd quarter. Emerald Advisers LLC now owns 4,411 shares of the company’s stock valued at $855,000 after purchasing an additional 1,854 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Vistra by 6.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,623 shares of the company’s stock valued at $702,000 after purchasing an additional 232 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 0.7%

Shares of VST stock opened at $188.36 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The stock’s fifty day moving average price is $199.50 and its 200 day moving average price is $182.15. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.67 and a beta of 1.33.

Vistra (NYSE:VST) last announced 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 return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. On average, research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.227 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Analysts Set New Price Targets

VST has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Scotiabank initiated coverage on Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target for the company. Cowen initiated coverage on Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company initiated coverage on Vistra in a research report on Monday, October 27th. They issued an “overweight” rating and a $238.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus price target of $229.93.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 723,910 shares of company stock worth $148,086,569. 1.42% of the stock is owned by 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.