Montag A & Associates Inc. Sells 12,937 Shares of Vistra Corp. $VST

Montag A & Associates Inc. lowered its holdings in shares of Vistra Corp. (NYSE:VST) by 75.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,201 shares of the company’s stock after selling 12,937 shares during the period. Montag A & Associates Inc.’s holdings in Vistra were worth $632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Vistra in the fourth quarter valued at about $746,729,000. Capital World Investors bought a new stake in shares of Vistra during the fourth quarter worth about $574,499,000. Rubric Capital Management LP bought a new stake in shares of Vistra during the fourth quarter worth about $322,660,000. Amundi increased its stake in shares of Vistra by 72.3% in the fourth quarter. Amundi now owns 1,949,568 shares of the company’s stock valued at $314,524,000 after buying an additional 817,876 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of Vistra by 585.0% in the fourth quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after buying an additional 775,104 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Paul M. Barbas sold 244 shares of the stock in a transaction on 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 $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,588 shares of company stock valued at $6,739,227. Company insiders own 0.92% of the company’s stock.

Vistra Price Performance

Shares of VST opened at $154.84 on Thursday. The business has a 50-day moving average of $153.98 and a 200-day moving average of $158.63. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market capitalization of $52.21 billion, a price-to-earnings ratio of 25.94 and a beta of 1.40. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

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

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen cut their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and issued a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial set a $208.00 price objective on shares of Vistra in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $230.31.

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.