QRG Capital Management Inc. Sells 15,878 Shares of Vistra Corp. $VST

QRG Capital Management Inc. decreased its position in shares of Vistra Corp. (NYSE:VST) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,998 shares of the company’s stock after selling 15,878 shares during the period. QRG Capital Management Inc.’s holdings in Vistra were worth $23,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Red Mountain Financial LLC increased its position in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after acquiring an additional 74 shares during the last quarter. Parallel Advisors LLC increased its position in Vistra by 3.1% during the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares during the last quarter. Global Financial Private Client LLC increased its position in Vistra by 4.7% during the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after acquiring an additional 76 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after purchasing an additional 78 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its holdings in shares of Vistra by 1.4% in the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock worth $1,108,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Scotiabank assumed coverage on shares of Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target on the stock. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $224.21.

Insider Activity at Vistra

In other Vistra news, CEO James A. Burke sold 19,605 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $194.78, for a total transaction of $3,818,661.90. Following the completion of the sale, the chief executive officer directly owned 253,815 shares of the company’s stock, valued at approximately $49,438,085.70. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 358,274 shares of company stock worth $73,886,457 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.2%

Shares of Vistra stock opened at $202.25 on Friday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The firm’s 50-day moving average is $200.57 and its two-hundred day moving average is $170.06. The stock has a market cap of $68.53 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.03 and a beta of 1.33.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, research analysts expect 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

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.