Dynamic Technology Lab Private Ltd Invests $1.56 Million in Vistra Corp. $VST

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $1.56 million in Vistra Corp. by acquiring 13,243 shares in the first quarter.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, which reflects a positive change from its previous dividend of $0.23.
• Despite a strong market cap of $63.61 billion, Vistra reported a missed earnings estimate of $1.01 EPS for the last quarter, falling short of the expected $1.63.

Dynamic Technology Lab Private Ltd acquired a new position in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,243 shares of the company's stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. increased its stake in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vistra in the 4th quarter worth $32,000. Banque Transatlantique SA boosted its holdings in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after buying an additional 132 shares during the period. Keener Financial Planning LLC bought a new position in Vistra in the 1st quarter worth $34,000. Finally, WPG Advisers LLC bought a new position in Vistra in the 1st quarter worth $37,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 1.1%

Shares of VST stock opened at $187.73 on Friday. The stock has a market cap of $63.61 billion, a P/E ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company's fifty day simple moving average is $195.43 and its two-hundred day simple moving average is $159.84.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company 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%. 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. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 14.35%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VST. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. BMO Capital Markets upped their target price on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a report on Friday. Raymond James Financial assumed 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. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Two 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's stock. According to MarketBeat.com, the company presently 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.

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