J. Safra Sarasin Holding AG Sells 492 Shares of Vistra Corp. $VST

J. Safra Sarasin Holding AG trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,119 shares of the company’s stock after selling 492 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Vistra were worth $4,287,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after purchasing an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Vistra in the first quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new position in Vistra during the first quarter worth $432,000. Peak Financial Advisors LLC bought a new position in Vistra during the second quarter valued at $547,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after acquiring an additional 57,551 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 358,274 shares of company stock worth $73,886,457 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Scotiabank initiated coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price on the stock. Melius Research raised Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley boosted their price objective on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $223.71.

Vistra Stock Up 0.6%

Shares of NYSE:VST opened at $202.78 on Friday. The business’s 50 day moving average is $200.37 and its 200 day moving average is $169.53. The stock has a market cap of $68.70 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. 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 (NYSE:VST) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 14.35%.

Vistra 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.