140 Summer Partners LP Takes Position in Vistra Corp. $VST

Key Points

• 140 Summer Partners LP has acquired a new position in Vistra Corp., purchasing 484,298 shares valued at approximately $56.88 million, making it the firm's 6th largest holding.
• Several hedge funds have increased their stakes in Vistra, reflecting strong institutional interest, with 90.88% of the company's stock owned by institutional investors.
• Analysts have generally rated Vistra positively, with two giving it a "Strong Buy" rating and a notable average price target of $201.43 despite recent earnings missing consensus estimates.

140 Summer Partners LP acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 484,298 shares of the company's stock, valued at approximately $56,876,000. Vistra accounts for about 7.3% of 140 Summer Partners LP's investment portfolio, making the stock its 6th biggest holding. 140 Summer Partners LP owned 0.14% of Vistra at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cordatus Wealth Management LLC boosted its holdings in shares of Vistra by 2.0% in the first quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock valued at $493,000 after acquiring an additional 83 shares during the period. Oak Grove Capital LLC boosted its holdings in shares of Vistra by 0.5% in the first quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock valued at $2,321,000 after acquiring an additional 90 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after acquiring an additional 98 shares during the period. Dynasty Wealth Management LLC increased its position in Vistra by 4.9% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock valued at $266,000 after acquiring an additional 105 shares during the period. Finally, EP Wealth Advisors LLC increased its position in Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Melius Research upgraded Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group increased their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $201.43.

Vistra Price Performance

NYSE:VST traded down $2.00 during trading hours on Friday, hitting $187.73. The company's stock had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The business's 50-day moving average is $195.43 and its two-hundred day moving average is $159.84. The company has a market capitalization of $63.61 billion, a PE ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a 52-week low of $72.90 and a 52-week high of $216.85.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio is presently 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.