American International Group Inc. Sells 32,816 Shares of Vistra Corp. (NYSE:VST)

American International Group Inc. lessened its stake in Vistra Corp. (NYSE:VST) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,136 shares of the company’s stock after selling 32,816 shares during the quarter. American International Group Inc.’s holdings in Vistra were worth $17,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Vistra by 160.7% in the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Vistra by 64.4% in the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after buying an additional 329 shares during the period. Rise Advisors LLC bought a new stake in shares of Vistra in the 4th quarter valued at $35,000. Fifth Third Bancorp raised its stake in Vistra by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock worth $52,000 after buying an additional 461 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Vistra during the fourth quarter worth about $54,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 0.9 %

VST stock traded down $0.81 during midday trading on Friday, hitting $87.59. The company’s stock had a trading volume of 3,728,443 shares, compared to its average volume of 7,971,596. The company’s fifty day moving average price is $84.58 and its 200 day moving average price is $60.57. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. Vistra Corp. has a twelve month low of $24.70 and a twelve month high of $107.24. The stock has a market capitalization of $30.43 billion, a P/E ratio of 53.74 and a beta of 1.03.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.39). The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. As a group, equities research analysts predict that Vistra Corp. will post 4.08 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.218 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a dividend yield of 1.00%. Vistra’s dividend payout ratio (DPR) is currently 52.76%.

Analysts Set New Price Targets

VST has been the subject of several recent analyst reports. Guggenheim upgraded Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Janney Montgomery Scott assumed coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. UBS Group raised their price objective on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets upped their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, Evercore ISI increased their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $87.83.

Insider Activity at Vistra

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the purchase, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.

About Vistra

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.