Hodges Capital Management Inc. Sells 6,853 Shares of Vistra Corp. $VST

Key Points

• Hodges Capital Management Inc. reduced its stake in Vistra Corp. by 13.3%, selling 6,853 shares and holding a total of 44,718 shares worth approximately $5.25 million.
• Vistra recently reported earnings per share of $1.01, falling short of the consensus estimate of $1.63, with revenue for the quarter at $4.25 billion compared to an expected $5.15 billion.
• The company announced a quarterly dividend increase to $0.226, signifying a positive change from the previous dividend of $0.23, with a dividend yield of 0.4%.

Hodges Capital Management Inc. lowered its stake in Vistra Corp. (NYSE:VST - Free Report) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,718 shares of the company's stock after selling 6,853 shares during the quarter. Hodges Capital Management Inc.'s holdings in Vistra were worth $5,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HM Payson & Co. increased its position in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at about $32,000. Banque Transatlantique SA increased its position in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Vistra in the first quarter valued at about $34,000. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra in the first quarter valued at about $37,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

NYSE:VST opened at $204.67 on Friday. 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 stock's 50 day moving average price is $196.18 and its two-hundred day moving average price is $161.08. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 3.27 and a beta of 1.33. Vistra Corp. has a 12-month low of $79.03 and a 12-month 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company 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 $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price on the stock. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. UBS Group upped their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Melius Research upgraded Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group upped their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $201.43.

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.

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