Inspire Investing LLC Trims Holdings in Vistra Corp. (NYSE:VST)

Inspire Investing LLC reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 31.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,878 shares of the company’s stock after selling 4,107 shares during the quarter. Inspire Investing LLC’s holdings in Vistra were worth $763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VST. Resolute Capital Asset Partners LLC lifted its stake in Vistra by 8.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 65,000 shares of the company’s stock worth $5,589,000 after purchasing an additional 5,000 shares during the last quarter. Seven Eight Capital LP lifted its stake in Vistra by 76.5% in the second quarter. Seven Eight Capital LP now owns 59,558 shares of the company’s stock valued at $5,121,000 after buying an additional 25,813 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Vistra by 51.9% in the second quarter. Hsbc Holdings PLC now owns 862,300 shares of the company’s stock valued at $73,939,000 after buying an additional 294,494 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Vistra by 1.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 31,500 shares of the company’s stock valued at $2,708,000 after buying an additional 463 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Vistra in the second quarter valued at $1,719,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VST shares. Morgan Stanley raised their target price on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group started coverage on Vistra in a report on Friday, September 13th. They set a “buy” rating and a $99.00 price target on the stock. Finally, BMO Capital Markets lifted their target price on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $91.71.

Vistra Trading Up 16.2 %

Shares of NYSE VST opened at $107.77 on Friday. The business has a 50 day simple moving average of $80.15 and a 200 day simple moving average of $80.56. Vistra Corp. has a 52 week low of $31.16 and a 52 week high of $108.26. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a market cap of $37.03 billion, a price-to-earnings ratio of 66.12 and a beta of 1.08.

Vistra (NYSE:VST) last posted its 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 return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm posted $1.03 earnings per share. On average, research analysts predict that Vistra Corp. will post 4.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, September 20th. 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.