QRG Capital Management Inc. Increases Stock Holdings in Vistra Corp. $VST

QRG Capital Management Inc. raised its position in shares of Vistra Corp. (NYSE:VSTFree Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,265 shares of the company’s stock after purchasing an additional 3,628 shares during the quarter. QRG Capital Management Inc.’s holdings in Vistra were worth $9,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VST. Burford Brothers Inc. grew its position in Vistra by 1.0% during the first quarter. Burford Brothers Inc. now owns 19,284 shares of the company’s stock valued at $2,899,000 after buying an additional 185 shares during the period. HB Wealth Management LLC increased its holdings in Vistra by 10.0% during the first quarter. HB Wealth Management LLC now owns 10,903 shares of the company’s stock valued at $1,639,000 after buying an additional 993 shares during the last quarter. PFG Investments LLC raised its position in Vistra by 209.8% in the first quarter. PFG Investments LLC now owns 4,888 shares of the company’s stock worth $735,000 after acquiring an additional 3,310 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Vistra in the first quarter worth approximately $251,000. Finally, General Pension Society PZU Joint Stock Co purchased a new position in shares of Vistra during the 1st quarter worth $6,013,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VST. Seaport Research Partners reissued a “buy” rating and set a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Raymond James Financial set a $208.00 target price on Vistra in a report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $210.00 target price on shares of Vistra in a research report on Wednesday, June 24th. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average target price of $230.31.

Check Out Our Latest Stock Analysis on VST

Vistra Stock Performance

NYSE VST opened at $150.98 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The business has a 50-day moving average price of $154.37 and a 200-day moving average price of $158.92. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 25.29 and a beta of 1.40.

Vistra (NYSE:VSTGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, equities research analysts predict that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.229 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is 15.41%.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is currently owned by corporate insiders.

Vistra Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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