First Hawaiian Bank Sells 22,023 Shares of Vistra Corp. (NYSE:VST)

First Hawaiian Bank reduced its position in Vistra Corp. (NYSE:VST) by 63.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,442 shares of the company’s stock after selling 22,023 shares during the period. First Hawaiian Bank’s holdings in Vistra were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Vistra by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock valued at $147,000 after buying an additional 312 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Vistra by 10.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 62,933 shares of the company’s stock valued at $4,383,000 after buying an additional 6,139 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Vistra in the 4th quarter valued at about $189,000. HighPoint Advisor Group LLC bought a new stake in shares of Vistra in the 4th quarter valued at about $471,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Vistra by 89.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock valued at $390,000 after buying an additional 4,772 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the subject of several research analyst reports. UBS Group increased their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Evercore ISI increased their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Janney Montgomery Scott initiated coverage on shares of Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets increased their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $87.83.

Insider Transactions at Vistra

In other news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $89.46 per share, with a total value of $29,969.10. Following the purchase, the director now directly owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST opened at $88.20 on Friday. Vistra Corp. has a 12-month low of $24.70 and a 12-month high of $107.24. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $30.65 billion, a PE ratio of 54.11 and a beta of 1.03. The firm has a 50 day moving average of $85.80 and a two-hundred day moving average of $61.82.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. On average, analysts anticipate that Vistra Corp. will post 4.08 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.218 per share. The ex-dividend date is Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a yield of 0.99%. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

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 states in the United States and the District of Columbia.