Vaughan Nelson Investment Management L.P. Sells 630,990 Shares of Vistra Corp. (NYSE:VST)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Vistra Corp. (NYSE:VST) by 67.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,563 shares of the company’s stock after selling 630,990 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.09% of Vistra worth $21,422,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Vistra by 17.4% in the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock worth $147,000 after buying an additional 312 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Mather Group LLC. bought a new position in shares of Vistra in the first quarter worth approximately $26,000. DekaBank Deutsche Girozentrale boosted its position in shares of Vistra by 2.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 17,214 shares of the company’s stock worth $662,000 after purchasing an additional 384 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Vistra by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 11,090 shares of the company’s stock worth $368,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VST shares. Janney Montgomery Scott started coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price for the company. 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. Morgan Stanley increased their price objective on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. 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, Vistra currently has a consensus rating of “Buy” and an average price target of $87.83.

Insider Buying and Selling

In related news, Director Lisa Crutchfield purchased 335 shares of Vistra stock in a transaction that occurred on Monday, June 10th. The shares were bought 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 approximately $2,879,359.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by insiders.

Vistra Trading Up 0.4 %

Shares of VST opened at $87.72 on Wednesday. Vistra Corp. has a twelve month low of $25.88 and a twelve month high of $107.24. The company has a market cap of $30.48 billion, a P/E ratio of 53.82 and a beta of 1.05. 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 company’s fifty day simple moving average is $88.96 and its 200-day simple moving average is $64.99.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.81 billion. As a group, analysts expect that Vistra Corp. will post 3.95 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were paid a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. 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.