This article first appeared on GuruFocus.
ETF flows turned negative for Vistra (VST) on Tuesday, snapping a one-day buying streak, as ETFs sold a net $17.9 million of the stock. More funds traded the other way, with 27 ETFs buying versus 10 selling, but in smaller amounts. The move follows a net $22.2 million purchase on Nov. 9 and a net $0.3 million buy on Nov. 6. Earlier in the stretch, ETFs sold a net $9.1 million on Nov. 5 and bought a net $3.7 million on Nov. 4.
For the full record of ETF and guru buying and selling in VST, see the VST guru trades page.
Which ETFs sold VST on Tuesday?
The largest sellers by dollar value were XLU ($20.3 million), IWF ($0.8 million) and SPYG ($0.3 million). In all, 27 ETFs added shares and 10 cut them.
The Utilities Select Sector SPDR Fund (XLU) drove the selling, cutting 154,924 shares for a $20.3 million reduction, a 2.77% drop in its stake at a 3.02% portfolio weight. iShares Russell 1000 Growth ETF (IWF) trimmed 6,138 shares for $0.8 million, and SPDR Portfolio S&P 500 Growth ETF (SPYG) shed 2,279 shares for $0.3 million. iShares Core S&P 500 ETF (IVV) and iShares U.S. Utilities ETF (IDU) each reduced holdings by $0.2 million. Vistra sits in the Utilities sector, in the Utilities – Independent Power Producers industry, with a market cap of $45.3 billion.
Have ETFs been buying or selling VST lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does VST do?
Vistra Corp. is an integrated retail electricity and power generation company in the United States.
Vistra reported trailing-12-month revenue of $20.55 billion, up 18.1% over the past year. Gross margin stood at 29.2% and net margin at 13.2%. The stock trades at a P/E of 18.02, a P/B of 11.66 and a P/S of 2.2, with a market cap of $45.3 billion. Its GF Score is 89, and GF Value of $180.12 compares with a price of $133.45. The dividend yield is 0.66%, and the stock is down 16.92% year to date.
VST at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
