TD Asset Management Inc Has $61.11 Million Stake in Vistra Corp. $VST

TD Asset Management Inc decreased its position in Vistra Corp. (NYSE:VST) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 378,816 shares of the company’s stock after selling 54,833 shares during the period. TD Asset Management Inc’s holdings in Vistra were worth $61,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Bridgewater Advisors Inc. increased its position in shares of Vistra by 3.1% in the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after acquiring an additional 53 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Vistra by 7.1% in the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock valued at $168,000 after acquiring an additional 61 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after acquiring an additional 61 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in shares of Vistra by 21.7% in the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock valued at $59,000 after acquiring an additional 65 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Vistra by 2.5% in the third quarter. Catalyst Financial Partners LLC now owns 2,798 shares of the company’s stock valued at $548,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was 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 owned 114,409 shares in the company, valued at $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,600 shares of company stock valued at $3,163,900. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VST. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. TD Cowen lowered their price target on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $233.33.

Vistra Price Performance

Shares of NYSE VST opened at $148.72 on Friday. The business’s 50 day moving average price is $154.21 and its two-hundred day moving average price is $161.22. The company has a market cap of $50.15 billion, a PE ratio of 24.91 and a beta of 1.40. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings data 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 return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. On average, analysts predict that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

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

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.