Peregrine Asset Advisers Inc. Sells 1,600 Shares of Vistra Corp. (NYSE:VST)

Peregrine Asset Advisers Inc. trimmed its stake in shares of Vistra Corp. (NYSE:VST) by 40.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,400 shares of the company’s stock after selling 1,600 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Vistra were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Vistra during the first quarter worth about $26,000. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the second quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new position in Vistra during the 1st quarter worth approximately $32,000. EdgeRock Capital LLC bought a new position in shares of Vistra in the second quarter worth approximately $34,000. Finally, Riverview Trust Co purchased a new position in shares of Vistra in the first quarter valued at about $39,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Up 4.5 %

NYSE:VST opened at $89.42 on Tuesday. The company has a 50 day simple moving average of $79.90 and a two-hundred day simple moving average of $79.54. The company has a market cap of $30.72 billion, a PE ratio of 54.86 and a beta of 1.08. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $107.24.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the business posted $1.03 earnings per share. Research analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.2195 dividend. 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 dividend yield of 0.98%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio is presently 53.37%.

Analyst Ratings Changes

A number of brokerages recently commented on VST. Jefferies Financial Group started coverage on Vistra in a report on Friday. They set a “buy” rating and a $99.00 target price for the company. Morgan Stanley upped their price target on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Vistra currently has an average rating of “Buy” and an average price target of $89.43.

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.