Cavalier Investments LLC Sells 276 Shares of Vistra Corp. $VST

Cavalier Investments LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,628 shares of the company’s stock after selling 276 shares during the quarter. Cavalier Investments LLC’s holdings in Vistra were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VST. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. raised its position in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after purchasing an additional 168 shares during the period. Keener Financial Planning LLC bought a new position in shares of Vistra in the first quarter valued at about $34,000. WPG Advisers LLC bought a new position in shares of Vistra in the first quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Vistra in the first quarter valued at about $39,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other news, CEO James A. Burke sold 21,371 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $204.57, for a total value of $4,371,865.47. Following the sale, the chief executive officer directly owned 287,859 shares in the company, valued at approximately $58,887,315.63. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 632,966 shares of company stock worth $130,462,677 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 4.1%

Shares of Vistra stock opened at $186.29 on Wednesday. The company has a market capitalization of $63.12 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.76 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm’s 50-day moving average price is $200.00 and its two-hundred day moving average price is $177.06.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a dividend of $0.226 per share. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. Vistra’s dividend payout ratio is currently 14.35%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Morgan Stanley upped their price target on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $229.31.

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.