Mutual of America Capital Management LLC Sells 159,075 Shares of Vistra Corp. (NYSE:VST)

Mutual of America Capital Management LLC decreased its position in Vistra Corp. (NYSE:VST) by 79.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,189 shares of the company’s stock after selling 159,075 shares during the period. Mutual of America Capital Management LLC’s holdings in Vistra were worth $3,541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Third Point LLC lifted its stake in Vistra by 27.6% during the 4th quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after acquiring an additional 995,748 shares during the period. Castle Hook Partners LP lifted its stake in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the period. Wellington Management Group LLP lifted its stake in Vistra by 11.5% during the 4th quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after acquiring an additional 363,897 shares during the period. TD Asset Management Inc lifted its stake in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after acquiring an additional 2,910,015 shares during the period. Finally, GQG Partners LLC lifted its stake in Vistra by 25.1% during the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after acquiring an additional 514,722 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $104.50.

Vistra Price Performance

NYSE VST opened at $111.64 on Tuesday. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $114.55. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 68.49 and a beta of 1.08. The company’s 50 day moving average is $80.66 and its two-hundred day moving average is $81.20. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. Vistra’s dividend payout ratio (DPR) is presently 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.