MBB Public Markets I LLC Increases Stock Position in Vistra Corp. $VST

Key Points

• MBB Public Markets I LLC increased its stake in Vistra Corp. by 68.9% during the first quarter, now holding 62,317 shares valued at approximately $7.3 million.
• Vistra recently increased its quarterly dividend to $0.226 per share, reflecting an upward adjustment from its previous dividend of $0.23.
• Despite a strong performance record, Vistra reported a missed earnings estimate in its latest quarter, posting $1.01 EPS against a consensus of $1.63.

MBB Public Markets I LLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,317 shares of the company's stock after acquiring an additional 25,419 shares during the quarter. Vistra makes up about 0.8% of MBB Public Markets I LLC's investment portfolio, making the stock its 26th largest position. MBB Public Markets I LLC's holdings in Vistra were worth $7,319,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VST. Cordatus Wealth Management LLC grew its holdings in Vistra by 2.0% in the first 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 lifted its holdings 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 valued at $2,321,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Vistra by 1.6% in 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 in the last quarter. Dynasty Wealth Management LLC boosted its position in shares of Vistra by 4.9% in 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 in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in 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 buying an additional 119 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group increased their price target on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Melius began coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group upped their price target 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. Finally, Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Two investment 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Vistra Stock Performance

NYSE:VST traded down $4.54 during midday trading on Thursday, hitting $204.67. The company's stock had a trading volume of 4,397,304 shares, compared to its average volume of 3,725,902. Vistra Corp. has a fifty-two week low of $79.03 and a fifty-two week high of $216.85. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market cap of $69.35 billion, a P/E ratio of 32.64, a P/E/G ratio of 3.27 and a beta of 1.33. The firm's 50 day moving average is $196.18 and its 200-day moving average is $161.08.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 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 analysts' expectations of $5.15 billion. Equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's payout ratio is presently 14.35%.

Vistra 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.