Beryl Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 154,896 shares of the company’s stock, valued at approximately $3,718,000. Vistra accounts for approximately 2.9% of Beryl Capital Management LLC’s portfolio, making the stock its 11th largest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rubric Capital Management LP bought a new stake in shares of Vistra during the 1st quarter worth approximately $59,056,000. Zimmer Partners LP acquired a new stake in shares of Vistra in the 1st quarter valued at $50,438,000. Renaissance Technologies LLC boosted its holdings in shares of Vistra by 2,443.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock valued at $41,418,000 after purchasing an additional 1,711,407 shares in the last quarter. PointState Capital LP bought a new position in shares of Vistra in the 1st quarter valued at $32,716,000. Finally, Cowa LLC raised its holdings in shares of Vistra by 9,938.8% during the 1st quarter. Cowa LLC now owns 1,158,579 shares of the company’s stock worth $269,000 after buying an additional 1,147,038 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Morgan Stanley lifted their target price on Vistra from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 23rd. BMO Capital Markets upped their price objective on shares of Vistra from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Finally, TheStreet upgraded shares of Vistra from a “c+” rating to a “b-” rating in a research report on Monday, July 3rd.
Vistra Stock Performance
Shares of VST stock opened at $33.70 on Tuesday. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 9.21 and a beta of 0.97. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 3.42. The business’s 50-day moving average price is $29.17 and its 200-day moving average price is $26.02. Vistra Corp. has a 12 month low of $20.76 and a 12 month high of $34.28.
Vistra (NYSE:VST – Get Free Report) last posted its earnings results on Wednesday, August 9th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.82 by $0.21. Vistra had a net margin of 9.60% and a return on equity of 22.75%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.78 billion. Equities research analysts forecast that Vistra Corp. will post 3.11 EPS for the current year.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be paid a $0.206 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 19th. This represents a $0.82 annualized dividend and a dividend yield of 2.45%. Vistra’s payout ratio is currently 22.40%.
Insider Activity at Vistra
In other news, EVP Stephanie Zapata Moore sold 122,662 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $30.57, for a total value of $3,749,777.34. Following the completion of the sale, the executive vice president now owns 137,782 shares of the company’s stock, valued at $4,211,995.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Julie A. Lagacy bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average price of $24.84 per share, with a total value of $248,400.00. Following the completion of the purchase, the director now directly owns 16,923 shares of the company’s stock, valued at $420,367.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 122,662 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $30.57, for a total transaction of $3,749,777.34. Following the sale, the executive vice president now directly owns 137,782 shares in the company, valued at approximately $4,211,995.74. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company 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.
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