Loomis Sayles & Co. L P Reduces Stock Position in Vistra Corp. $VST
by Renee Jackson · The Cerbat GemLoomis Sayles & Co. L P trimmed its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 44.3% in the 2nd quarter, Holdings Channel reports. The firm owned 59,494 shares of the company’s stock after selling 47,304 shares during the period. Loomis Sayles & Co. L P’s holdings in Vistra were worth $11,530,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Harbour Investments Inc. grew its position in Vistra by 53.8% in the 1st quarter. Harbour Investments Inc. now owns 1,860 shares of the company’s stock worth $218,000 after purchasing an additional 651 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Vistra in the 1st quarter worth $222,000. US Bancorp DE grew its holdings in shares of Vistra by 12.5% in the first quarter. US Bancorp DE now owns 24,517 shares of the company’s stock worth $2,879,000 after acquiring an additional 2,731 shares during the period. Moors & Cabot Inc. lifted its holdings in Vistra by 59.2% in the first quarter. Moors & Cabot Inc. now owns 4,005 shares of the company’s stock valued at $470,000 after acquiring an additional 1,489 shares during the period. Finally, Commerce Bank grew its stake in shares of Vistra by 1.9% during the 1st quarter. Commerce Bank now owns 9,626 shares of the company’s stock valued at $1,130,000 after purchasing an additional 177 shares during the period. Institutional investors own 90.88% of the company’s stock.
Analyst Upgrades and Downgrades
VST has been the topic of several recent research reports. Cowen started coverage on shares of Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, Scotiabank started coverage on Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $233.20.
Insiders Place Their Bets
In related news, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James A. Burke sold 21,935 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total value of $4,091,535.55. Following the completion of the transaction, the chief executive officer owned 271,074 shares of the company’s stock, valued at $50,563,433.22. The trade was a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 868,339 shares of company stock worth $173,242,584 over the last quarter. Company insiders own 1.42% of the company’s stock.
Vistra Stock Up 1.2%
Shares of VST stock opened at $179.00 on Monday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company’s fifty day moving average price is $191.92 and its 200-day moving average price is $189.25. The company has a market capitalization of $60.65 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 3.08 and a beta of 1.39.
Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. Sell-side analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is 32.49%.
Vistra Company Profile
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.
Read More
- Five stocks we like better than Vistra
- When to Sell a Stock for Profit or Loss
- Worried About Inflation? These 3 ETFs Offer Real Protection
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally
- How Can Investors Benefit From After-Hours Trading
- Klarna’s Crypto Play: A Plan to Fix Its Profit Problem
Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).