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

Ninepoint Partners LP cut its holdings in Vistra Corp. (NYSE:VST) by 37.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,422 shares of the company’s stock after selling 6,780 shares during the period. Ninepoint Partners LP’s holdings in Vistra were worth $982,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new position in Vistra in the 2nd quarter valued at $26,000. Mather Group LLC. acquired a new position in Vistra in the 1st quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in shares of Vistra during the 2nd quarter worth $34,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra during the 1st quarter worth $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Vistra during the 2nd quarter worth $47,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 3.1 %

Shares of Vistra stock opened at $117.70 on Friday. The company has a fifty day moving average price of $83.63 and a 200 day moving average price of $82.47. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $122.01. The stock has a market cap of $40.44 billion, a price-to-earnings ratio of 72.21 and a beta of 1.08.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period last year, the company posted $1.03 earnings per share. Equities research analysts forecast that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio is presently 53.99%.

Analyst Ratings Changes

VST has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley upped their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets upped their price objective on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.83.

Vistra Company 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.