Vistra Corp. $VST Position Lessened by Third Point LLC

Third Point LLC trimmed its stake in Vistra Corp. (NYSE:VST) by 15.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 850,000 shares of the company’s stock after selling 150,000 shares during the quarter. Vistra accounts for approximately 1.5% of Third Point LLC’s holdings, making the stock its 28th biggest holding. Third Point LLC’s holdings in Vistra were worth $99,824,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd increased its position in Vistra by 9.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,861 shares of the company’s stock valued at $3,507,000 after acquiring an additional 2,591 shares during the period. Scientech Research LLC bought a new stake in Vistra in the first quarter worth about $1,620,000. Nissay Asset Management Corp Japan ADV boosted its holdings in Vistra by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company’s stock worth $4,923,000 after buying an additional 119 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Vistra by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 126,751 shares of the company’s stock worth $14,886,000 after acquiring an additional 13,274 shares during the last quarter. Finally, Night Owl Capital Management LLC increased its stake in Vistra by 4.2% in the 1st quarter. Night Owl Capital Management LLC now owns 215,467 shares of the company’s stock worth $25,304,000 after purchasing an additional 8,772 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.1%

Shares of NYSE VST opened at $187.73 on Friday. The business has a 50 day simple moving average of $195.43 and a 200 day simple moving average of $159.84. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The stock has a market cap of $63.61 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra’s dividend payout ratio is currently 14.35%.

Wall Street Analyst Weigh In

VST has been the subject of several recent analyst reports. UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Morgan Stanley set a $207.00 price objective on Vistra and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Melius Research raised Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets increased their price target on shares of Vistra from $191.00 to $229.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.43.

About Vistra

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.