Vistra Corp. (NYSE:VST) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson reduced its stake in Vistra Corp. (NYSE:VST) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,789 shares of the company’s stock after selling 4,513 shares during the period. First National Bank of Hutchinson’s holdings in Vistra were worth $805,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VST. Mather Group LLC. acquired a new stake in Vistra in the 1st quarter valued at $26,000. Redwood Wealth Management Group LLC acquired a new stake in Vistra in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new position in Vistra in the 1st quarter valued at about $32,000. Finally, CVA Family Office LLC boosted its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock opened at $126.11 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company’s 50-day simple moving average is $102.66 and its 200-day simple moving average is $90.19. Vistra Corp. has a one year low of $31.92 and a one year high of $143.87. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 92.73 and a beta of 1.10.

Vistra (NYSE:VST) last issued its 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). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the business earned $1.03 EPS. Equities analysts anticipate that Vistra Corp. will post 4.73 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 64.71%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $146.00 price objective (up from $125.00) on shares of Vistra in a research report on Friday, October 4th. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. UBS Group decreased their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average 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.