Vistra Corp. $VST Shares Sold by Westpac Banking Corp

Westpac Banking Corp reduced its position in Vistra Corp. (NYSE:VSTFree Report) by 69.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,777 shares of the company’s stock after selling 4,098 shares during the quarter. Westpac Banking Corp’s holdings in Vistra were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Vistra by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after acquiring an additional 390,157 shares during the period. Geode Capital Management LLC lifted its position in Vistra by 1.1% in the fourth 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 purchased a new position in Vistra during the fourth quarter worth about $746,729,000. Invesco Ltd. boosted its stake in Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after buying an additional 35,258 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Vistra by 11.3% during the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after acquiring an additional 303,573 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VST. TD Cowen decreased their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $233.33.

View Our Latest Analysis on VST

Vistra Price Performance

Vistra stock opened at $153.66 on Friday. The stock has a market capitalization of $51.81 billion, a PE ratio of 25.74 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The business has a 50 day simple moving average of $154.26 and a 200-day simple moving average of $161.31.

Vistra (NYSE:VSTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Equities analysts predict that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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 $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,600 shares of company stock valued at $3,163,900 in the last quarter. 0.92% of the stock is currently owned by company insiders.

Key Headlines Impacting Vistra

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About Vistra

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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