Energy Income Partners LLC Sells 6,951 Shares of Vistra Corp. $VST

Energy Income Partners LLC lessened its holdings in Vistra Corp. (NYSE:VST) by 1.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 420,388 shares of the company’s stock after selling 6,951 shares during the period. Vistra accounts for approximately 1.6% of Energy Income Partners LLC’s holdings, making the stock its 19th biggest position. Energy Income Partners LLC owned about 0.12% of Vistra worth $81,475,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VST. Beaconlight Capital LLC bought a new stake in Vistra during the 2nd quarter valued at approximately $1,723,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Vistra by 259.3% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 113,732 shares of the company’s stock valued at $22,042,000 after buying an additional 82,082 shares in the last quarter. BTG Pactual Asset Management US LLC raised its position in shares of Vistra by 1.0% during the second quarter. BTG Pactual Asset Management US LLC now owns 54,916 shares of the company’s stock valued at $10,643,000 after buying an additional 549 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Vistra in the second quarter worth $2,326,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Vistra by 26.8% during the second quarter. Adage Capital Partners GP L.L.C. now owns 415,800 shares of the company’s stock worth $80,586,000 after acquiring an additional 87,800 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 21,935 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total value of $4,091,535.55. Following the transaction, the chief executive officer directly owned 271,074 shares in the company, valued at approximately $50,563,433.22. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the transaction, the executive vice president directly owned 79,854 shares in the company, valued at $13,842,690.90. This represents a 9.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 784,299 shares of company stock valued at $155,981,703 in the last three months. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp initiated coverage on shares of Vistra in a research note on Monday, November 24th. They issued an “overweight” rating and a $217.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. BMO Capital Markets raised their price target on Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, November 7th. TD Cowen started coverage on Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $233.20.

Vistra Price Performance

Shares of Vistra stock opened at $170.20 on Friday. The stock has a 50 day moving average price of $185.27 and a 200-day moving average price of $189.78. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The stock has a market cap of $57.67 billion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Equities analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.227 dividend. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. Vistra’s payout ratio 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.