Quadrant Capital Group LLC Acquires 1,936 Shares of Vistra Corp. $VST

Quadrant Capital Group LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 23.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,203 shares of the company’s stock after purchasing an additional 1,936 shares during the period. Quadrant Capital Group LLC’s holdings in Vistra were worth $1,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anfield Capital Management LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $29,000. City State Bank raised its position in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in Vistra by 19,300.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock valued at $38,000 after acquiring an additional 193 shares in the last quarter. NewSquare Capital LLC boosted its holdings in Vistra by 65.9% during the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares during the last quarter. Finally, Banque Transatlantique SA grew its stake in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the topic of a number of recent analyst reports. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, September 17th. Morgan Stanley restated an “overweight” rating and issued a $225.00 target price on shares of Vistra in a research note on Thursday, November 20th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Cowen started coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $233.20.

Insiders Place Their Bets

In related news, EVP Carrie Lee Kirby sold 58,275 shares of the firm’s 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 directly owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 868,339 shares of company stock worth $173,242,584 over the last quarter. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

Shares of NYSE VST opened at $179.00 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock has a fifty day simple moving average of $191.92 and a two-hundred day simple moving average of $188.78. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The firm has a market cap of $60.65 billion, a price-to-earnings ratio of 64.62, a price-to-earnings-growth ratio of 3.04 and a beta of 1.30.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. 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 will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is 32.49%.

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.