Sound Shore Management Inc. CT Has $69.11 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Sound Shore Management Inc. CT decreased its position in Vistra Corp. (NYSE:VST) by 44.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 803,814 shares of the company’s stock after selling 632,058 shares during the quarter. Vistra accounts for approximately 2.3% of Sound Shore Management Inc. CT’s holdings, making the stock its 27th largest holding. Sound Shore Management Inc. CT owned 0.23% of Vistra worth $69,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VST. Atria Investments Inc bought a new position in shares of Vistra in the 1st quarter valued at $1,675,000. 3Chopt Investment Partners LLC increased its stake in shares of Vistra by 142.2% in the fourth quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after purchasing an additional 32,276 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Vistra by 41.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock worth $4,453,000 after purchasing an additional 33,738 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Vistra by 633.7% in the fourth quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock worth $2,260,000 after purchasing an additional 50,672 shares during the period. Finally, Banco Santander S.A. purchased a new position in Vistra in the 1st quarter worth approximately $673,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 16.2 %

Shares of Vistra stock opened at $107.77 on Friday. The company has a market cap of $37.03 billion, a P/E ratio of 66.12 and a beta of 1.08. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $108.26. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm’s 50 day moving average price is $80.15 and its 200-day moving average price is $80.56.

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

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VST shares. BMO Capital Markets lifted their target price on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, Jefferies Financial Group began coverage on shares of Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 target price for the company. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $91.71.

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.