Vistra Corp. $VST Holdings Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Vistra Corp. (NYSE:VST) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 838,898 shares of the company’s stock after selling 21,169 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Vistra worth $116,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Vistra during the 2nd quarter worth $4,610,496,000. Bank of America Corp DE acquired a new position in shares of Vistra during the second quarter worth $468,354,000. Bank of New York Mellon Corp acquired a new position in shares of Vistra during the second quarter worth $381,938,000. Jupiter Topco LLC acquired a new position in shares of Vistra during the second quarter worth $262,169,000. Finally, Deutsche Bank AG purchased a new position in Vistra in the second quarter valued at $138,267,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO James A. Burke acquired 4,465 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $135.25 per share, with a total value of $603,891.25. Following the completion of the acquisition, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Hudson sold 22,222 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $160.14, for a total transaction of $3,558,631.08. Following the transaction, the executive vice president owned 308,915 shares in the company, valued at approximately $49,469,648.10. This trade represents a 6.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by insiders.

Vistra Stock Down 2.9%

VST opened at $134.37 on Tuesday. The business’s 50-day simple moving average is $145.03 and its 200-day simple moving average is $153.52. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a one year low of $132.66 and a one year high of $196.80. The stock has a market capitalization of $45.10 billion, a P/E ratio of 22.70 and a beta of 1.38.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Analysts anticipate that Vistra Corp. will post 9.13 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be paid a $0.2310 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, December 22nd. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

Analyst Ratings Changes

VST has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Vistra from $212.00 to $198.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Bank of America decreased their price target on Vistra from $196.00 to $194.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. BMO Capital Markets lowered their price objective on Vistra from $231.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Canadian Imperial Bank of Commerce dropped their price objective on Vistra from $201.00 to $181.00 and set an “outperformer” rating on the stock in a report on Wednesday, October 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $181.00 target price on shares of Vistra in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.43.

About Vistra

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.