Vistra Corp. (NYSE:VST) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of Vistra Corp. (NYSE:VST) by 61.4% during the 2nd quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VST. Mather Group LLC. acquired a new position in Vistra during the first quarter worth about $26,000. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra in the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra in the 1st quarter worth approximately $32,000. EdgeRock Capital LLC acquired a new stake in Vistra during the second quarter valued at approximately $34,000. Finally, Riverview Trust Co bought a new stake in Vistra during the first quarter worth approximately $39,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 16.2 %

NYSE:VST opened at $107.77 on Friday. The business’s fifty day moving average price is $80.15 and its 200 day moving average price is $80.56. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 66.12 and a beta of 1.08. 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 Corp. has a 1-year low of $31.16 and a 1-year high of $108.26.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The business 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 quarter in the prior year, the company earned $1.03 EPS. On average, sell-side analysts forecast that Vistra Corp. will post 4.52 earnings per share 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 given a $0.2195 dividend. This is an increase 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 0.81%. Vistra’s dividend payout ratio is presently 53.37%.

Analysts Set New Price Targets

Several research firms have issued reports on VST. Jefferies Financial Group started coverage on Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. BMO Capital Markets boosted their target price on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Morgan Stanley increased their price target on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vistra presently has an average rating of “Buy” and an average target price 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.