Vistra Corp. $VST Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 36.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,055 shares of the company’s stock after selling 27,305 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vistra were worth $9,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VST. Anfield Capital Management LLC bought a new stake in Vistra during the 2nd quarter valued at $29,000. City State Bank increased its holdings in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. Laurel Wealth Advisors LLC increased its holdings in shares of Vistra by 19,300.0% during the second quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock valued at $38,000 after purchasing an additional 193 shares during the period. NewSquare Capital LLC raised its stake in shares of Vistra by 65.9% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $41,000 after purchasing an additional 85 shares in the last quarter. Finally, Banque Transatlantique SA lifted its holdings in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the period. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 868,339 shares of company stock worth $173,242,584 in the last three months. 1.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a research note on Tuesday, November 25th. Jefferies Financial Group reissued a “hold” rating and set a $230.00 target price (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Finally, Scotiabank assumed coverage on Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $233.20.

Vistra Stock Performance

Shares of VST opened at $173.68 on Tuesday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The firm’s 50 day moving average is $191.03 and its 200-day moving average is $189.40. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The stock has a market capitalization of $58.85 billion, a P/E ratio of 62.70, a P/E/G ratio of 3.08 and a beta of 1.39.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $4.97 billion for 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%. Equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 32.49%.

About Vistra

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.