Advisors Asset Management Inc. Sells 9,942 Shares of Vistra Corp. (NYSE:VST)

Advisors Asset Management Inc. lowered its stake in shares of Vistra Corp. (NYSE:VSTGet Rating) by 38.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 16,166 shares of the company’s stock after selling 9,942 shares during the period. Advisors Asset Management Inc.’s holdings in Vistra were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clear Sky Advisers LLC bought a new position in shares of Vistra in the 1st quarter worth approximately $860,000. American Century Companies Inc. lifted its stake in shares of Vistra by 1.7% in the 1st quarter. American Century Companies Inc. now owns 475,812 shares of the company’s stock worth $11,063,000 after purchasing an additional 7,833 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Vistra by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 176,445 shares of the company’s stock worth $4,102,000 after purchasing an additional 2,795 shares during the period. Raymond James & Associates lifted its stake in shares of Vistra by 26.9% in the 1st quarter. Raymond James & Associates now owns 2,678,396 shares of the company’s stock worth $62,273,000 after purchasing an additional 567,407 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Vistra by 182.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 12,700 shares of the company’s stock worth $291,000 after purchasing an additional 8,200 shares during the period. Institutional investors own 92.66% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $23.87 per share, with a total value of $238,700.00. Following the acquisition, the director now directly owns 308,201 shares in the company, valued at approximately $7,356,757.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Scott B. Helm acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $23.87 per share, with a total value of $238,700.00. Following the acquisition, the director now directly owns 308,201 shares in the company, valued at approximately $7,356,757.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 60,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $25.55, for a total transaction of $1,533,000.00. Following the sale, the executive vice president now directly owns 177,070 shares of the company’s stock, valued at $4,524,138.50. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Vistra Trading Up 2.0 %

Vistra stock opened at $22.91 on Friday. The firm has a 50 day moving average of $22.95 and a 200 day moving average of $23.96. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of -22.24 and a beta of 0.94. Vistra Corp. has a 12-month low of $19.65 and a 12-month high of $27.39. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 3.32.

Vistra (NYSE:VSTGet Rating) last released its earnings results on Friday, November 4th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.24). The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Vistra had a positive return on equity of 44.82% and a negative net margin of 1.94%. As a group, research analysts predict that Vistra Corp. will post 1.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Tuesday, December 20th will be issued a dividend of $0.193 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, December 19th. Vistra’s dividend payout ratio (DPR) is -71.84%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price objective on shares of Vistra from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, November 11th.

Vistra Company Profile

(Get Rating)

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 20 states in the United States and the District of Columbia.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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