AXQ Capital LP Takes $717,000 Position in Vistra Corp. $VST

AXQ Capital LP acquired a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,700 shares of the company’s stock, valued at approximately $717,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Mediolanum International Funds Ltd increased its position in Vistra by 284.7% during the second quarter. Mediolanum International Funds Ltd now owns 59,475 shares of the company’s stock worth $11,600,000 after purchasing an additional 44,013 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Vistra by 10.5% in the 2nd quarter. Legal & General Group Plc now owns 1,541,199 shares of the company’s stock valued at $298,700,000 after buying an additional 145,849 shares during the period. MAI Capital Management grew its stake in shares of Vistra by 40.3% in the 2nd quarter. MAI Capital Management now owns 1,261 shares of the company’s stock valued at $244,000 after buying an additional 362 shares during the period. DNB Asset Management AS increased its holdings in shares of Vistra by 13.3% during the 2nd quarter. DNB Asset Management AS now owns 149,318 shares of the company’s stock worth $28,939,000 after buying an additional 17,528 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Vistra during the 2nd quarter worth approximately $4,155,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares in the company, valued at $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the completion of the transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. The trade was a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 860,120 shares of company stock worth $171,817,820. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Melius began coverage on Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research report on Wednesday. TD Cowen started coverage on shares of Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective on the stock. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus target price of $234.36.

Vistra Price Performance

VST stock opened at $168.28 on Friday. The business’s 50-day moving average is $195.37 and its two-hundred day moving average is $187.88. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market capitalization of $57.02 billion, a P/E ratio of 60.75, a P/E/G ratio of 2.11 and a beta of 1.30. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 32.49%.

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.