Legal & General Group Plc Reduces Position in Vistra Corp. $VST

Legal & General Group Plc decreased its position in Vistra Corp. (NYSE:VST) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,686,073 shares of the company’s stock after selling 49,398 shares during the period. Legal & General Group Plc owned about 0.50% of Vistra worth $267,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Equitable Holdings Inc. raised its stake in shares of Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after acquiring an additional 61 shares during the last quarter. UMB Bank n.a. increased its holdings in Vistra by 3.8% during the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after purchasing an additional 65 shares during the period. Rothschild Investment LLC raised its position in Vistra by 2.9% during the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after purchasing an additional 68 shares during the last quarter. Outlook Wealth Advisors LLC lifted its holdings in Vistra by 4.9% in the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock worth $227,000 after buying an additional 70 shares during the period. Finally, Principle Wealth Partners LLC lifted its holdings in Vistra by 0.5% in the 4th quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock worth $2,333,000 after buying an additional 73 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $206.00 target price on Vistra in a report on Wednesday, August 12th. Mizuho started coverage on shares of Vistra in a report on Monday. They issued an “outperform” rating and a $169.00 price target on the stock. Scotiabank boosted their price objective on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Zacks Research lowered shares of Vistra from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, TD Cowen dropped their target price on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.53.

Vistra Stock Up 0.9%

VST stock opened at $140.28 on Thursday. The business has a 50 day moving average of $152.62 and a 200 day moving average of $155.68. The firm has a market cap of $47.08 billion, a PE ratio of 23.70 and a beta of 1.41. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. On average, research analysts forecast that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.54%.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Vistra stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 36,588 shares of company stock worth $5,914,427. 0.92% of the stock is currently owned by company insiders.

Vistra 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.