Vistra Corp. (NYSE:VST) Shares Sold by Westpac Banking Corp

Westpac Banking Corp reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 88.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,684 shares of the company’s stock after selling 78,477 shares during the quarter. Westpac Banking Corp’s holdings in Vistra were worth $280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Ameritas Advisory Services LLC acquired a new position in shares of Vistra during the 1st quarter worth about $29,000. Allworth Financial LP boosted its position in shares of Vistra by 48.9% during the 2nd quarter. Allworth Financial LP now owns 1,205 shares of the company’s stock worth $32,000 after acquiring an additional 396 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Vistra by 311.1% during the 2nd quarter. IFP Advisors Inc now owns 2,257 shares of the company’s stock worth $32,000 after acquiring an additional 1,708 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Vistra during the 1st quarter worth about $32,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Vistra during the 1st quarter worth about $35,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 0.3 %

VST opened at $34.86 on Friday. The business has a 50 day moving average price of $33.17 and a two-hundred day moving average price of $29.17. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 3.34. The company has a market cap of $12.46 billion, a PE ratio of 10.25 and a beta of 0.92. Vistra Corp. has a 52 week low of $21.18 and a 52 week high of $36.50.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.213 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This is an increase from Vistra’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 2.44%. Vistra’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VST. Bank of America boosted their target price on Vistra from $31.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, September 21st. BMO Capital Markets boosted their target price on Vistra from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, Morgan Stanley boosted their target price on Vistra from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, September 21st.

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