Sigma Planning Corp Has $569,000 Stock Position in Vistra Corp. (NYSE:VST)

Sigma Planning Corp reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 50.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,778 shares of the company’s stock after selling 15,164 shares during the quarter. Sigma Planning Corp’s holdings in Vistra were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VST. FinTrust Capital Advisors LLC bought a new stake in shares of Vistra during the 3rd quarter worth $26,000. Blue Trust Inc. lifted its position in shares of Vistra by 160.7% during the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after buying an additional 442 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Vistra during the 3rd quarter worth $29,000. Lindbrook Capital LLC lifted its position in shares of Vistra by 64.4% during the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after buying an additional 329 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Vistra during the 4th quarter worth $35,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of VST opened at $70.46 on Thursday. Vistra Corp. has a 1 year low of $22.67 and a 1 year high of $75.89. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.68 and a beta of 1.05. The business has a 50-day moving average of $62.02 and a 200-day moving average of $45.81.

Vistra (NYSE:VST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. As a group, equities research analysts anticipate that Vistra Corp. will post 3.61 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, March 19th. Vistra’s dividend payout ratio (DPR) is 24.02%.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at $9,470,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders sold 257,285 shares of company stock valued at $15,404,397 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VST. Morgan Stanley reiterated an “overweight” rating and issued a $78.00 target price on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets increased their target price on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Janney Montgomery Scott began coverage on Vistra in a research report on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price for the company. Finally, Evercore ISI increased their target price on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $67.20.

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.