Legacy Capital Group California Inc. Has $323,000 Stock Holdings in Vistra Corp. $VST

Legacy Capital Group California Inc. trimmed its position in shares of Vistra Corp. (NYSE:VST) by 59.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,150 shares of the company’s stock after selling 3,200 shares during the period. 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.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after purchasing an additional 390,157 shares during the last quarter. State Street Corp lifted its holdings in shares of Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after buying an additional 432,028 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vistra by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after buying an additional 97,424 shares during the last quarter. Norges Bank bought a new stake in shares of Vistra in the 4th quarter valued at approximately $746,729,000. Finally, Invesco Ltd. grew its stake in shares of Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after buying an additional 35,258 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. This represents a 9.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is owned by insiders.

Vistra Trading Up 1.1%

Vistra stock opened at $160.24 on Thursday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The business’s 50-day simple moving average is $154.02 and its 200-day simple moving average is $158.51. The firm has a market capitalization of $54.03 billion, a PE ratio of 26.84 and a beta of 1.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion during 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 research analysts forecast that Vistra Corp. will post 9.52 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is presently 15.41%.

Analyst Ratings Changes

Several brokerages recently weighed in on VST. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price objective on shares of Vistra in a research report on Wednesday, June 24th. Seaport Research Partners restated a “buy” rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Scotiabank reaffirmed an “outperform” rating and issued a $298.00 price objective on shares of Vistra in a research note on Wednesday. Raymond James Financial set a $208.00 price objective on shares of Vistra in a report on Monday, April 27th. Finally, TD Cowen cut their target price on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.