Sequoia Financial Advisors LLC Sells 915 Shares of Vistra Corp. (NYSE:VST)

Sequoia Financial Advisors LLC lessened its stake in Vistra Corp. (NYSE:VST) by 18.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,058 shares of the company’s stock after selling 915 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vistra were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Foundations Investment Advisors LLC bought a new position in shares of Vistra during the 3rd quarter valued at about $216,000. Wealth Effects LLC purchased a new stake in Vistra in the third quarter worth approximately $439,000. Allspring Global Investments Holdings LLC grew its position in Vistra by 43.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 235,198 shares of the company’s stock valued at $27,880,000 after acquiring an additional 70,780 shares during the last quarter. New Century Financial Group LLC raised its stake in shares of Vistra by 4.4% during the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock worth $316,000 after acquiring an additional 112 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC bought a new stake in shares of Vistra in the 3rd quarter worth approximately $237,000. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of several recent research reports. UBS Group reduced their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group increased their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus price target of $145.30.

Vistra Price Performance

Shares of VST stock opened at $124.03 on Monday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. Vistra Corp. has a fifty-two week low of $31.92 and a fifty-two week high of $143.87. The firm has a market cap of $43.10 billion, a P/E ratio of 76.09 and a beta of 1.10. The business’s 50 day moving average price is $104.43 and its 200-day moving average price is $91.07.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts anticipate that Vistra Corp. will post 4.73 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.71%. Vistra’s dividend payout ratio (DPR) is 53.37%.

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.