Vistra Corp. (NYSE:VST) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Vistra Corp. (NYSE:VST) by 61.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,559 shares of the company’s stock after selling 113,978 shares during the period. Amalgamated Bank’s holdings in Vistra were worth $6,153,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in Vistra during the 2nd quarter worth approximately $26,000. Mather Group LLC. bought a new position in Vistra during the first quarter worth $26,000. EdgeRock Capital LLC acquired a new position in Vistra in the second quarter worth $34,000. New Covenant Trust Company N.A. bought a new stake in Vistra during the first quarter valued at $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Vistra during the second quarter worth $47,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley upped their target price on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Jefferies Financial Group assumed coverage on Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. Seven 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.com, Vistra presently has a consensus rating of “Buy” and an average target price of $91.71.

Vistra Stock Performance

VST opened at $107.77 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The business’s 50 day moving average is $80.15 and its 200-day moving average is $80.56. The stock has a market cap of $37.03 billion, a PE ratio of 66.12 and a beta of 1.08. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $108.26.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm earned $1.03 EPS. On average, analysts predict that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 53.37%.

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.