Vistra Corp. $VST Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in Vistra Corp. (NYSE:VST) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,754 shares of the company’s stock after selling 16,692 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Vistra were worth $31,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Bridgewater Advisors Inc. lifted its stake in Vistra by 3.1% during the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after purchasing an additional 53 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Vistra by 7.1% during the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock valued at $168,000 after purchasing an additional 61 shares during the last quarter. Equitable Holdings Inc. raised its holdings in shares of Vistra by 0.9% during the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the period. Ballentine Partners LLC raised its holdings in shares of Vistra by 2.0% during the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after purchasing an additional 63 shares during the period. Finally, Wealth Effects LLC lifted its position in shares of Vistra by 1.1% in the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock worth $1,133,000 after buying an additional 65 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Down 0.3%

VST stock opened at $159.09 on Monday. The stock has a market cap of $53.90 billion, a PE ratio of 73.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The firm’s 50-day simple moving average is $163.48 and its 200 day simple moving average is $178.23. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VST) last posted its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.228 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, March 20th. Vistra’s payout ratio is presently 41.94%.

Insider Transactions at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the transaction, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price target on shares of Vistra in a report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and issued a $215.00 target price on shares of Vistra in a report on Friday, February 20th. UBS Group lifted their target price on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $236.40.

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.