Vistra Corp. (NYSE:VST) Shares Sold by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ lowered its stake in Vistra Corp. (NYSE:VST – Get Rating) by 26.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,826 shares of the company’s stock after selling 7,500 shares during the period. Palisade Capital Management LLC NJ’s holdings in Vistra were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new stake in Vistra in the 1st quarter valued at about $11,272,000. AIA Group Ltd raised its position in Vistra by 1,218.8% in the 1st quarter. AIA Group Ltd now owns 63,077 shares of the company’s stock valued at $1,467,000 after purchasing an additional 58,294 shares in the last quarter. KBC Group NV raised its position in Vistra by 11.7% in the 1st quarter. KBC Group NV now owns 22,665 shares of the company’s stock valued at $527,000 after purchasing an additional 2,378 shares in the last quarter. IFM Investors Pty Ltd raised its position in Vistra by 39.9% in the 1st quarter. IFM Investors Pty Ltd now owns 57,503 shares of the company’s stock valued at $1,337,000 after purchasing an additional 16,395 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Vistra in the 1st quarter valued at about $778,000.

Insiders Place Their Bets

In other news, CFO James A. Burke purchased 18,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were bought at an average price of $22.01 per share, with a total value of $396,180.00. Following the completion of the transaction, the chief financial officer now directly owns 34,000 shares in the company, valued at approximately $748,340. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO James A. Burke purchased 18,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were bought at an average price of $22.01 per share, with a total value of $396,180.00. Following the completion of the transaction, the chief financial officer now directly owns 34,000 shares in the company, valued at approximately $748,340. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian K. Ferraioli bought 6,300 shares of the stock in a transaction on Thursday, June 16th. The stock was bought at an average price of $22.60 per share, for a total transaction of $142,380.00. Following the completion of the purchase, the director now directly owns 26,300 shares in the company, valued at approximately $594,380. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 76,238 shares of company stock valued at $1,776,292 and have sold 2,133,255 shares valued at $53,458,282. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Vistra from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. TheStreet lowered Vistra from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th.

Vistra Price Performance

Shares of NYSE VST opened at $24.60 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.05 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $16.51 and a fifty-two week high of $27.39. The firm has a market capitalization of $10.62 billion, a PE ratio of 30.37 and a beta of 0.89. The stock’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $23.53.

Vistra (NYSE:VST – Get Rating) last issued its earnings results on Friday, May 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.29). Vistra had a return on equity of 13.60% and a net margin of 4.03%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.71 billion. As a group, equities research analysts forecast that Vistra Corp. will post 1.55 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be given a dividend of $0.184 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, September 20th. This represents a $0.74 annualized dividend and a yield of 2.99%. Vistra’s payout ratio is 87.65%.

Vistra Profile

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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 20 states in the United States and the District of Columbia.