Mutual of America Capital Management LLC Sells 7,551 Shares of Vistra Corp. (NYSE:VST)

Mutual of America Capital Management LLC lessened its position in Vistra Corp. (NYSE:VST) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,264 shares of the company’s stock after selling 7,551 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Vistra worth $13,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VST. 3Chopt Investment Partners LLC boosted its holdings in shares of Vistra by 142.2% during the 4th quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after buying an additional 32,276 shares during the period. Comerica Bank boosted its holdings in shares of Vistra by 90.4% during the 3rd quarter. Comerica Bank now owns 327,520 shares of the company’s stock worth $10,867,000 after buying an additional 155,533 shares during the period. Ellsworth Advisors LLC bought a new stake in Vistra in the 4th quarter valued at about $773,000. Janney Montgomery Scott LLC boosted its holdings in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after purchasing an additional 5,619 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in Vistra in the 4th quarter valued at about $831,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Lisa Crutchfield acquired 335 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the transaction, the director now directly owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Vistra Price Performance

Shares of NYSE:VST traded up $3.52 during midday trading on Monday, hitting $92.88. The stock had a trading volume of 4,430,489 shares, compared to its average volume of 6,710,685. The company’s 50-day moving average price is $90.40 and its 200-day moving average price is $66.51. The company has a market capitalization of $32.27 billion, a P/E ratio of 56.98 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra Corp. has a fifty-two week low of $26.06 and a fifty-two week high of $107.24.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.39). The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. As a group, equities research analysts predict that Vistra Corp. will post 3.95 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were given a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a yield of 0.94%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 18th. Vistra’s dividend payout ratio is currently 53.37%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Evercore ISI boosted their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. UBS Group boosted their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Morgan Stanley boosted their price objective on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Guggenheim raised shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $87.83.

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.