Jag Capital Management LLC Invests $244,000 in Vistra Corp. $VST

Jag Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,260 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in Vistra during the first quarter valued at $209,149,000. Assenagon Asset Management S.A. raised its stake in Vistra by 2,341.6% during the second quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock valued at $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Vistra by 102.5% during the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after buying an additional 492,765 shares in the last quarter. 140 Summer Partners LP purchased a new stake in shares of Vistra during the 1st quarter valued at about $56,876,000. Finally, Hsbc Holdings PLC raised its position in shares of Vistra by 52.2% during the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock valued at $109,761,000 after buying an additional 323,264 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on VST shares. The Goldman Sachs Group upped their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price target on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $227.58.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 463,350 shares of company stock valued at $95,374,138. Company insiders own 1.42% of the company’s stock.

Vistra Trading Up 6.3%

Shares of NYSE VST opened at $209.22 on Tuesday. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. 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 fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a market cap of $70.89 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.92 and a beta of 1.33.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.15 billion. On average, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s payout ratio is 14.35%.

Vistra Company 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.