Vistra Corp. $VST Shares Purchased by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP increased its stake in Vistra Corp. by 6.2% in Q1, owning 256,163 shares valued at approximately $30.08 million, making Vistra its 4th largest investment.
• Vistra recently announced a quarterly dividend increase to $0.226 per share from $0.23, with the dividend yield standing at 0.5% for shareholders of record as of September 19th.
• The company's latest earnings report indicated a miss on EPS, reporting $1.01 compared to the estimate of $1.63, along with revenue of $4.25 billion against a consensus of $5.15 billion.

Cinctive Capital Management LP boosted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,163 shares of the company's stock after buying an additional 14,924 shares during the quarter. Vistra accounts for about 2.3% of Cinctive Capital Management LP's holdings, making the stock its 4th biggest holding. Cinctive Capital Management LP owned approximately 0.08% of Vistra worth $30,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of VST. Nuveen LLC purchased a new position in Vistra during the first quarter worth about $209,149,000. GAMMA Investing LLC boosted its stake in Vistra by 10,810.6% during the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock worth $74,395,000 after buying an additional 627,665 shares during the period. PointState Capital LP boosted its stake in Vistra by 176.7% during the fourth quarter. PointState Capital LP now owns 929,533 shares of the company's stock worth $128,155,000 after buying an additional 593,585 shares during the period. 140 Summer Partners LP purchased a new position in Vistra during the first quarter worth about $56,876,000. Finally, Fred Alger Management LLC purchased a new position in Vistra during the fourth quarter worth about $66,257,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

VST has been the subject of several research analyst reports. BMO Capital Markets increased their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Jefferies Financial Group raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday. Finally, UBS Group raised their price objective 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 investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.43.

Vistra Stock Down 1.1%

NYSE:VST traded down $2.00 during mid-day trading on Friday, hitting $187.73. The stock had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The stock has a 50-day simple moving average of $195.43 and a two-hundred day simple moving average of $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. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. 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 issued its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.5%. 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. Vistra's dividend payout ratio is 14.35%.

About Vistra

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.