Vistra Corp. (NYSE:VST) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in shares of Vistra Corp. (NYSE:VST) by 25.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,961 shares of the company’s stock after selling 1,034 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vistra were worth $255,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in Vistra during the 1st quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new stake in Vistra during the 1st quarter worth about $32,000. EdgeRock Capital LLC purchased a new stake in Vistra during the 2nd quarter worth about $34,000. Riverview Trust Co purchased a new stake in Vistra during the 1st quarter worth about $39,000. Finally, ORG Partners LLC purchased a new stake in Vistra during the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets increased their price objective on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday. 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 objective on the stock. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $100.83.

Vistra Trading Up 16.6 %

NYSE:VST opened at $107.88 on Friday. The stock’s 50 day moving average price is $80.15 and its 200 day moving average price is $80.71. The company has a market capitalization of $37.06 billion, a PE ratio of 66.18 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $108.26.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Vistra Company 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.