International Assets Investment Management LLC Sells 57,947 Shares of Vistra Corp. (NYSE:VST)

International Assets Investment Management LLC decreased its stake in shares of Vistra Corp. (NYSE:VST) by 94.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,300 shares of the company’s stock after selling 57,947 shares during the quarter. International Assets Investment Management LLC’s holdings in Vistra were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Vistra in the 1st quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in shares of Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Vistra by 64.4% in the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after purchasing an additional 329 shares during the period. Rise Advisors LLC acquired a new position in Vistra during the fourth quarter worth $35,000. Finally, Fifth Third Bancorp raised its position in Vistra by 52.1% during the fourth quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock worth $52,000 after acquiring an additional 461 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

VST stock opened at $85.91 on Thursday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The stock has a market capitalization of $29.85 billion, a price-to-earnings ratio of 52.71 and a beta of 1.03. Vistra Corp. has a 1 year low of $25.56 and a 1 year high of $107.24. The stock’s fifty day moving average is $87.32 and its two-hundred day moving average is $63.41.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. On average, research analysts predict that Vistra Corp. will post 3.95 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, June 18th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Insider Activity at Vistra

In related news, Director Lisa Crutchfield purchased 335 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,879,359.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VST. BMO Capital Markets upped their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Evercore ISI increased their price target on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Morgan Stanley raised their target price on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Janney Montgomery Scott began coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price on the stock. Finally, Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vistra has an average rating of “Buy” and an average price target of $87.83.

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.