Vontobel Holding Ltd. Sells 1,813 Shares of Vistra Corp. (NYSE:VST)

Vontobel Holding Ltd. cut its holdings in Vistra Corp. (NYSE:VST) by 33.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,584 shares of the company’s stock after selling 1,813 shares during the period. Vontobel Holding Ltd.’s holdings in Vistra were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Vistra by 89.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock valued at $390,000 after buying an additional 4,772 shares during the period. Mather Group LLC. acquired a new stake in shares of Vistra in the 1st quarter valued at $26,000. Park Avenue Securities LLC raised its holdings in Vistra by 70.2% during the 1st quarter. Park Avenue Securities LLC now owns 17,845 shares of the company’s stock worth $1,243,000 after purchasing an additional 7,360 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Vistra during the first quarter worth approximately $971,000. Finally, Riverview Trust Co bought a new stake in shares of Vistra during the 1st quarter valued at $39,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of Vistra stock opened at $125.04 on Wednesday. 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 stock has a market capitalization of $42.96 billion, a price-to-earnings ratio of 91.94 and a beta of 1.10. The company has a 50-day simple moving average of $101.72 and a two-hundred day simple moving average of $89.93. Vistra Corp. has a twelve month low of $31.43 and a twelve month high of $143.87.

Vistra (NYSE:VST) last announced its quarterly earnings data 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). 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 analyst estimates of $4.04 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. Analysts forecast that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a dividend of $0.2195 per share. The ex-dividend date was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.70%. Vistra’s payout ratio is 64.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley upped their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Jefferies Financial Group boosted their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $145.30.

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.