Vistra Corp. $VST Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Vistra Corp. (NYSE:VST) by 2.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,327,821 shares of the company’s stock after selling 54,604 shares during the period. Bank of New York Mellon Corp’s holdings in Vistra were worth $451,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA grew its holdings in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. HM Payson & Co. grew its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. City State Bank grew its holdings in Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in shares of Vistra during the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new stake in shares of Vistra during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $193.05 on Tuesday. 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 stock has a market capitalization of $65.41 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.67 and a beta of 1.30. The company’s fifty day moving average is $199.56 and its two-hundred day moving average is $183.16. 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 (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.227 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 14.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Cowen initiated coverage on shares of Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, TD Cowen initiated coverage on shares of Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $229.93.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 723,910 shares of company stock valued at $148,086,569. Insiders own 1.42% of the company’s stock.

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.