NewEdge Advisors LLC decreased its position in Vistra Corp. (NYSE:VST – Free Report) by 15.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 106,800 shares of the company’s stock after selling 19,951 shares during the period. NewEdge Advisors LLC’s holdings in Vistra were worth $20,699,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Vistra by 1.4% in the second quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after buying an additional 226,514 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Vistra by 4.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company’s stock worth $1,196,884,000 after acquiring an additional 258,983 shares during the period. Norges Bank acquired a new position in Vistra in the 2nd quarter valued at $930,080,000. Invesco Ltd. raised its holdings in Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after acquiring an additional 913,350 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Vistra by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after purchasing an additional 11,386 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on VST. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group raised their price target on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. BMO Capital Markets upped their price objective on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. KeyCorp started coverage on shares of Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $233.20.

Shares of NYSE:VST opened at $165.24 on Thursday. The business has a 50-day moving average of $186.48 and a two-hundred day moving average of $189.81. The firm has a market capitalization of $55.99 billion, a PE ratio of 59.65, a P/E/G ratio of 2.85 and a beta of 1.39. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.227 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 22nd. Vistra’s payout ratio is presently 32.49%.

In related news, CEO James A. Burke sold 41,426 shares of Vistra stock in a transaction on Monday, October 13th. The shares were sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the transaction, the chief executive officer owned 246,522 shares in the company, valued at approximately $49,629,809.04. The trade was a 14.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 805,673 shares of company stock valued at $160,317,205. Company insiders own 1.42% of the company’s stock.

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.

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