PNC Financial Services Group Inc. Sells 3,899 Shares of Vistra Corp. $VST

PNC Financial Services Group Inc. cut its stake in Vistra Corp. (NYSE:VST) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 48,546 shares of the company’s stock after selling 3,899 shares during the period. PNC Financial Services Group Inc.’s holdings in Vistra were worth $7,832,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Archer Investment Corp increased its stake in shares of Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vistra in the 3rd quarter worth about $28,000. Triumph Capital Management bought a new position in shares of Vistra in the 3rd quarter worth about $38,000. Strive Asset Management LLC bought a new position in shares of Vistra in the 3rd quarter worth about $38,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Vistra in the 3rd quarter worth about $39,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Up 0.1%

NYSE:VST opened at $156.40 on Monday. The firm has a market cap of $52.73 billion, a P/E ratio of 26.20, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The firm has a 50-day simple moving average of $154.49 and a two-hundred day simple moving average of $162.86.

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

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.229 per share. The ex-dividend date is Monday, June 22nd. 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. Vistra’s dividend payout ratio (DPR) is 15.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on VST shares. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price target on shares of Vistra in a research note on Thursday. Raymond James Financial set a $208.00 price target on shares of Vistra in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus target price of $233.33.

Insiders Place Their Bets

In other Vistra 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 transaction of $1,603,100.00. Following the completion of the sale, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Vistra 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.