Great Lakes Advisors LLC Has $1.02 Million Stock Position in Vistra Corp. $VST

Great Lakes Advisors LLC reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 6.8% in the first quarter, Holdings Channel reports. The institutional investor owned 8,642 shares of the company’s stock after selling 631 shares during the period. Great Lakes Advisors LLC’s holdings in Vistra were worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Vistra in the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC bought a new stake in Vistra in the 1st quarter worth about $432,000. Envestnet Asset Management Inc. grew its position in Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company’s stock worth $230,000 after purchasing an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VST has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an “outperform” rating in a research note on Thursday, May 15th. Finally, UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.43.

Vistra Price Performance

Shares of NYSE:VST opened at $204.67 on Friday. The company’s fifty day moving average price is $196.18 and its 200-day moving average price is $161.08. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 3.27 and a beta of 1.33. Vistra Corp. has a one year low of $79.03 and a one year high of $216.85. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 14.35%.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.