Bleakley Financial Group LLC Sells 215 Shares of Vistra Corp. (NYSE:VST)

Bleakley Financial Group LLC reduced its stake in Vistra Corp. (NYSE:VST) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,668 shares of the company’s stock after selling 215 shares during the quarter. Bleakley Financial Group LLC’s holdings in Vistra were worth $435,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC bought a new position in Vistra in the 3rd quarter worth $2,571,000. Terra Nova Asset Management LLC acquired a new stake in shares of Vistra in the third quarter valued at about $842,000. SeaCrest Wealth Management LLC increased its stake in shares of Vistra by 6.8% in the third quarter. SeaCrest Wealth Management LLC now owns 5,285 shares of the company’s stock worth $626,000 after purchasing an additional 337 shares during the period. Creative Planning increased its stake in shares of Vistra by 33.3% in the third quarter. Creative Planning now owns 31,052 shares of the company’s stock worth $3,681,000 after purchasing an additional 7,753 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in shares of Vistra by 4.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 168,166 shares of the company’s stock worth $19,934,000 after purchasing an additional 6,503 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE:VST opened at $125.04 on Wednesday. The firm has a market capitalization of $42.96 billion, a PE ratio of 91.94 and a beta of 1.10. 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 12-month low of $31.43 and a 12-month high of $143.87. The firm has a 50-day moving average price of $101.72 and a 200 day moving average price of $89.93.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company 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 prior year, the firm earned $1.03 EPS. Research analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a $0.2195 dividend. 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 dividend on an annualized basis and a yield of 0.70%. Vistra’s payout ratio is 64.71%.

Analysts Set New Price Targets

VST has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. UBS Group reduced their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and set a $146.00 price objective (up previously from $125.00) on shares of Vistra in a report on Friday, October 4th. Finally, Royal Bank of Canada increased their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $145.30.

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.