Mercuria Capital Strategies LLC Invests $21.32 Million in Vistra Corp. $VST

Mercuria Capital Strategies LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 110,000 shares of the company's stock, valued at approximately $21,319,000. Vistra comprises 5.7% of Mercuria Capital Strategies LLC's investment portfolio, making the stock its 4th largest position.

Other hedge funds have also bought and sold shares of the company. Red Mountain Financial LLC increased its stake in Vistra by 3.1% in the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company's stock valued at $472,000 after acquiring an additional 74 shares during the last quarter. Parallel Advisors LLC increased its stake in Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company's stock valued at $490,000 after acquiring an additional 75 shares during the last quarter. Global Financial Private Client LLC increased its stake in Vistra by 4.7% in the second quarter. Global Financial Private Client LLC now owns 1,695 shares of the company's stock valued at $329,000 after acquiring an additional 76 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock valued at $46,000 after acquiring an additional 78 shares during the last quarter. Finally, Fairvoy Private Wealth LLC increased its stake in Vistra by 1.4% in the second quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company's stock valued at $1,108,000 after acquiring an additional 79 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent analyst reports. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Jefferies Financial Group reissued a "hold" rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. The Goldman Sachs Group raised their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of "Buy" and an average target price of $227.85.

Vistra Price Performance

Shares of NYSE:VST opened at $206.51 on Thursday. The firm has a market cap of $69.97 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.33. The firm's fifty day moving average is $200.67 and its 200-day moving average is $171.54. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value 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. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 422,389 shares of company stock valued at $86,992,610 in the last quarter. 1.42% of the stock is owned by insiders.

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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