Vistra Corp. $VST Stake Reduced by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. trimmed its holdings in Vistra Corp. (NYSE:VST) by 59.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,150 shares of the company’s stock after selling 3,200 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Vistra were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra during the fourth quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in Vistra in the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra in the fourth quarter worth approximately $30,000. Strive Financial Group LLC bought a new position in shares of Vistra in the fourth quarter valued at $33,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company’s stock, valued at $12,021,380. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the transaction, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by insiders.

Vistra Price Performance

VST opened at $160.24 on Thursday. The firm has a market capitalization of $54.03 billion, a P/E ratio of 26.84 and a beta of 1.40. The stock has a fifty day moving average of $154.02 and a 200-day moving average of $158.51. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities analysts forecast that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, June 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.41%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $230.62.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.