Gulf International Bank UK Ltd Sells 5,126 Shares of Vistra Corp. (NYSE:VST)

Gulf International Bank UK Ltd reduced its stake in Vistra Corp. (NYSE:VSTFree Report) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,286 shares of the company’s stock after selling 5,126 shares during the period. Gulf International Bank UK Ltd’s holdings in Vistra were worth $1,051,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Comerica Bank boosted its holdings in shares of Vistra by 90.4% in the third quarter. Comerica Bank now owns 327,520 shares of the company’s stock worth $10,867,000 after acquiring an additional 155,533 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Vistra by 323.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,554 shares of the company’s stock worth $151,000 after buying an additional 3,479 shares in the last quarter. Gotham Asset Management LLC raised its position in Vistra by 166.8% during the third quarter. Gotham Asset Management LLC now owns 189,443 shares of the company’s stock valued at $6,286,000 after purchasing an additional 118,426 shares in the last quarter. Quantbot Technologies LP bought a new stake in Vistra during the third quarter worth about $3,703,000. Finally, Sei Investments Co. lifted its stake in Vistra by 30.0% during the third quarter. Sei Investments Co. now owns 479,480 shares of the company’s stock worth $15,909,000 after purchasing an additional 110,555 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VST shares. Evercore ISI lifted their price target on Vistra from $42.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. BMO Capital Markets upped their price target on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $52.50.

Read Our Latest Research Report on VST

Vistra Stock Performance

Vistra stock opened at $69.09 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The company has a market capitalization of $24.04 billion, a P/E ratio of 19.30, a PEG ratio of 0.93 and a beta of 1.03. The stock’s 50 day moving average is $49.54 and its 200 day moving average is $40.05. Vistra Corp. has a twelve month low of $22.67 and a twelve month high of $69.27.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Vistra had a return on equity of 20.05% and a net margin of 10.10%. On average, equities research analysts predict that Vistra Corp. will post 4.26 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.24%. This is a boost from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 19th. Vistra’s dividend payout ratio is presently 24.02%.

Insider Activity

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Scott A. Hudson sold 86,517 shares of Vistra stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders have sold 257,285 shares of company stock valued at $15,404,397 in the last ninety days. 1.36% of the stock is currently owned by company insiders.

Vistra Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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