4,938 Shares in Vistra Corp. $VST Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP has invested $580,000 in Vistra Corp, acquiring nearly 5,000 shares during the first quarter, as reported in their Form 13F filing.
• Vistra recently increased its quarterly dividend to $0.226 per share, up from $0.23, marking an annualized yield of 0.4%.
• The company reported disappointing earnings with an EPS of $1.01 for the last quarter, falling short of the consensus estimate of $1.63.

Caxton Associates LLP acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,938 shares of the company's stock, valued at approximately $580,000.

Several other institutional investors also recently modified their holdings of the company. Cordatus Wealth Management LLC increased its stake in shares of Vistra by 2.0% during the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after purchasing an additional 83 shares during the last quarter. Oak Grove Capital LLC increased its stake in shares of Vistra by 0.5% during the 1st quarter. Oak Grove Capital LLC now owns 19,760 shares of the company's stock worth $2,321,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after purchasing an additional 98 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of Vistra by 4.9% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after purchasing an additional 105 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Vistra by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company's stock worth $4,923,000 after purchasing an additional 119 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Vistra Stock Performance

Shares of NYSE:VST traded up $5.62 on Friday, reaching $209.67. 3,821,177 shares of the company's stock were exchanged, compared to its average volume of 3,796,096. The company has a fifty day moving average of $196.55 and a 200-day moving average of $161.67. Vistra Corp. has a twelve month low of $81.12 and a twelve month high of $216.85. The company has a market capitalization of $71.04 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.19 and a beta of 1.33. 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 (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VST shares. Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Jefferies Financial Group upped their price target on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, UBS Group upped their price target on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.