Vistra Corp. (NYSE:VST) Shares Sold by Quarry LP

Quarry LP lowered its holdings in Vistra Corp. (NYSE:VST) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,567 shares of the company’s stock after selling 7,156 shares during the period. Quarry LP’s holdings in Vistra were worth $446,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Vistra by 160.7% in the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after acquiring an additional 329 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Vistra in the fourth quarter worth approximately $35,000. Fifth Third Bancorp increased its position in shares of Vistra by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock worth $52,000 after acquiring an additional 461 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Vistra in the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, Director Lisa Crutchfield purchased 335 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares in the company, valued at approximately $2,879,359.56. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VST. Morgan Stanley raised their price target on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Janney Montgomery Scott began coverage on shares of Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 price target for the company. UBS Group raised their price target on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets raised their price target on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Evercore ISI raised their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $87.83.

Vistra Price Performance

NYSE VST opened at $87.59 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. The stock has a market capitalization of $30.43 billion, a PE ratio of 53.74 and a beta of 1.03. The company has a 50 day moving average price of $84.58 and a two-hundred day moving average price of $60.40. Vistra Corp. has a 12-month low of $24.70 and a 12-month high of $107.24.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. As a group, equities analysts predict that Vistra Corp. will post 3.8 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a $0.218 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, June 18th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.00%. Vistra’s dividend payout ratio (DPR) is currently 52.76%.

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.