Hodges Capital Management Inc. decreased its holdings in Vistra Corp. (NYSE:VST) by 33.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,100 shares of the company’s stock after selling 8,900 shares during the period. Hodges Capital Management Inc.’s holdings in Vistra were worth $341,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Vistra by 57.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,547 shares of the company’s stock worth $29,000 after purchasing an additional 562 shares in the last quarter. Signaturefd LLC increased its stake in shares of Vistra by 51.6% in the second quarter. Signaturefd LLC now owns 1,775 shares of the company’s stock worth $33,000 after purchasing an additional 604 shares in the last quarter. Focused Wealth Management Inc purchased a new position in shares of Vistra in the second quarter worth about $121,000. Tower Research Capital LLC TRC increased its stake in shares of Vistra by 336.4% in the first quarter. Tower Research Capital LLC TRC now owns 11,079 shares of the company’s stock worth $177,000 after purchasing an additional 8,540 shares in the last quarter. Finally, IBM Retirement Fund increased its stake in shares of Vistra by 11.6% in the second quarter. IBM Retirement Fund now owns 11,399 shares of the company’s stock worth $212,000 after purchasing an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
A number of research firms have recently commented on VST. Zacks Investment Research lowered shares of Vistra from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley cut their price objective on shares of Vistra from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. ValuEngine lowered shares of Vistra from a “hold” rating to a “sell” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets cut their price objective on shares of Vistra from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Vistra currently has an average rating of “Buy” and an average price target of $29.44.
Shares of Vistra stock opened at $19.02 on Friday. Vistra Corp. has a 1 year low of $11.30 and a 1 year high of $27.96. The firm has a market cap of $9.30 billion, a PE ratio of 16.26, a PEG ratio of 0.46 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.75. The company has a 50 day simple moving average of $18.33 and a two-hundred day simple moving average of $18.75.
Vistra (NYSE:VST) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.13). Vistra had a net margin of 4.98% and a return on equity of 8.57%. The company had revenue of $2.51 billion for the quarter. As a group, research analysts anticipate that Vistra Corp. will post 2.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 2.84%. Vistra’s payout ratio is presently 26.09%.
In other Vistra news, Director Scott B. Helm acquired 20,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of $18.19 per share, for a total transaction of $363,800.00. Following the acquisition, the director now owns 190,377 shares in the company, valued at approximately $3,462,957.63. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Curtis A. Morgan acquired 41,176 shares of the stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of $18.19 per share, with a total value of $748,991.44. Insiders own 0.49% of the company’s stock.
Vistra Corp., through its subsidiaries, engages in the electricity business in the United States. It operates through Retail, ERCOT, PJM, NY/NE, MISO, and Asset Closure segments. The company retails electricity and natural gas to residential, commercial and industrial customers across 20 states in the United States.
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