QRG Capital Management Inc. Sells 64,674 Shares of Vistra Corp. $VST

QRG Capital Management Inc. lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 52.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,324 shares of the company’s stock after selling 64,674 shares during the period. QRG Capital Management Inc.’s holdings in Vistra were worth $11,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in shares of Vistra in the second quarter valued at $930,080,000. Lone Pine Capital LLC grew its position in shares of Vistra by 40.5% in the 2nd quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock valued at $1,253,896,000 after acquiring an additional 1,864,931 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Vistra by 280.6% during the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock worth $262,876,000 after purchasing an additional 1,000,000 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after purchasing an additional 913,350 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Vistra by 2,341.6% in the 2nd 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 during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 58,275 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This represents a 21.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the transaction, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This trade represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 278,995 shares of company stock valued at $50,757,547. 1.42% of the stock is currently owned by insiders.

Vistra Stock Performance

NYSE VST opened at $166.93 on Friday. The firm has a 50-day moving average price of $169.20 and a two-hundred day moving average price of $187.86. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The company has a market capitalization of $56.56 billion, a P/E ratio of 60.26, a P/E/G ratio of 1.03 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Analysts anticipate 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 Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.227 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. Vistra’s payout ratio is presently 32.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. UBS Group raised their price target on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a report on Monday, January 12th. Morgan Stanley reiterated an “overweight” rating and issued a $228.00 price objective on shares of Vistra in a report on Tuesday, December 16th. KeyCorp started coverage on shares of Vistra in a research note on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. Finally, Wells Fargo & Company started coverage on shares of Vistra in a research note on Monday, October 27th. They issued an “overweight” rating and a $238.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $239.40.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.