Vistra Corp. $VST Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Vistra Corp. by 39.0%, selling 18,700 shares, and now holds 29,210 shares worth approximately $3.43 million.
• Vistra's recent earnings report showed a miss on EPS estimates, reporting $1.01 against a consensus of $1.63, with revenues of $4.25 billion falling short of forecasts.
• The company declared a quarterly dividend increase to $0.226 per share, with an annualized yield of 0.5%, reflecting a positive adjustment from the previous dividend of $0.23.

Bridgeway Capital Management LLC reduced its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 39.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,210 shares of the company's stock after selling 18,700 shares during the period. Bridgeway Capital Management LLC's holdings in Vistra were worth $3,430,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Vistra during the first quarter worth about $209,149,000. GAMMA Investing LLC lifted its position in shares of Vistra by 10,810.6% during the 1st quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock valued at $74,395,000 after acquiring an additional 627,665 shares during the period. PointState Capital LP boosted its stake in shares of Vistra by 176.7% during the 4th quarter. PointState Capital LP now owns 929,533 shares of the company's stock worth $128,155,000 after acquiring an additional 593,585 shares in the last quarter. 140 Summer Partners LP acquired a new stake in shares of Vistra in the 1st quarter worth approximately $56,876,000. Finally, Hsbc Holdings PLC increased its stake in Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock valued at $109,761,000 after purchasing an additional 323,264 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE VST traded down $0.35 during trading on Monday, reaching $187.66. The company had a trading volume of 4,147,477 shares, compared to its average volume of 3,403,082. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The stock has a 50-day moving average price of $195.31 and a two-hundred day moving average price of $160.08. The stock has a market capitalization of $63.58 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.34.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. 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%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

Analyst Ratings Changes

A number of research firms have commented on VST. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Melius initiated coverage on Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $201.43.

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.