Seven Eight Capital LP Acquires 50,503 Shares of Vistra Corp. (NYSE:VST)

Seven Eight Capital LP grew its holdings in Vistra Corp. (NYSE:VST) by 434.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 62,121 shares of the company’s stock after purchasing an additional 50,503 shares during the period. Seven Eight Capital LP’s holdings in Vistra were worth $1,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. grew its position in Vistra by 4.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 10,190 shares of the company’s stock worth $236,000 after acquiring an additional 446 shares during the last quarter. Raymond James Trust N.A. grew its position in Vistra by 1.9% during the 1st quarter. Raymond James Trust N.A. now owns 33,691 shares of the company’s stock worth $808,000 after acquiring an additional 625 shares during the last quarter. Cibc World Market Inc. grew its position in Vistra by 3.2% during the 1st quarter. Cibc World Market Inc. now owns 20,444 shares of the company’s stock worth $475,000 after acquiring an additional 636 shares during the last quarter. American International Group Inc. grew its position in Vistra by 14.3% during the 2nd quarter. American International Group Inc. now owns 5,728 shares of the company’s stock worth $131,000 after acquiring an additional 718 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Vistra by 4.7% during the 4th quarter. Advisors Asset Management Inc. now owns 18,329 shares of the company’s stock worth $425,000 after acquiring an additional 825 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Vistra Stock Up 2.1 %

Shares of NYSE:VST opened at $34.06 on Friday. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.31 and a beta of 0.97. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.17 and a quick ratio of 1.08. The business’s 50-day moving average is $29.02 and its 200-day moving average is $25.92. Vistra Corp. has a 1 year low of $20.76 and a 1 year high of $34.17.

Vistra (NYSE:VST) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.78 billion. Vistra had a return on equity of 22.75% and a net margin of 9.60%. Equities research analysts predict that Vistra Corp. will post 3.11 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be given a $0.206 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Vistra’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 19th. Vistra’s payout ratio is presently 22.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TheStreet upgraded Vistra from a “c+” rating to a “b-” rating in a research report on Monday, July 3rd. Morgan Stanley lifted their target price on Vistra from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. Finally, BMO Capital Markets lifted their target price on Vistra from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th.

Insider Activity at Vistra

In other news, Director Julie A. Lagacy bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of $24.84 per share, with a total value of $248,400.00. Following the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $420,367.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Vistra news, EVP Stephanie Zapata Moore sold 122,662 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $30.57, for a total transaction of $3,749,777.34. Following the completion of the sale, the executive vice president now directly owns 137,782 shares of the company’s stock, valued at approximately $4,211,995.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie A. Lagacy acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $24.84 per share, with a total value of $248,400.00. Following the completion of the acquisition, the director now directly owns 16,923 shares in the company, valued at approximately $420,367.32. The disclosure for this purchase can be found here. 1.36% of the stock is currently owned by corporate insiders.

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 20 states in the United States and the District of Columbia.