Hudson Capital Management LLC Reduces Holdings in Vistra Corp. $VST

Hudson Capital Management LLC lessened its position in shares of Vistra Corp. (NYSE:VST) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,219 shares of the company’s stock after selling 838 shares during the period. Vistra accounts for 2.1% of Hudson Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Hudson Capital Management LLC’s holdings in Vistra were worth $7,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VST. Farther Finance Advisors LLC lifted its position in shares of Vistra by 175.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,987 shares of the company’s stock valued at $365,000 after buying an additional 1,902 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Vistra during the 1st quarter valued at $46,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra during the 1st quarter valued at $432,000. Warther Private Wealth LLC purchased a new position in shares of Vistra during the 1st quarter valued at $13,393,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in Vistra during the 1st quarter worth about $991,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock opened at $209.22 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market capitalization of $70.89 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. The business’s 50-day moving average price is $200.38 and its 200-day moving average price is $173.85. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s dividend payout ratio is currently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 463,350 shares of company stock worth $95,374,138. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley increased their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Scotiabank began coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus price target of $227.58.

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.