Night Owl Capital Management LLC Purchases 8,772 Shares of Vistra Corp. $VST

Key Points

• Night Owl Capital Management LLC increased its stake in Vistra Corp. by 4.2%, purchasing an additional 8,772 shares, bringing its total ownership to 215,467 shares, valued at approximately $25.3 million.
• Vistra Corp. reported a quarterly earnings per share (EPS) of $1.01, missing the consensus estimate of $1.63, with revenues of $4.25 billion against an expected $5.15 billion.
• The company has recently declared a quarterly dividend increase to $0.226 per share, with a payout ratio of 14.35%, reflecting a commitment to shareholder returns.

Night Owl Capital Management LLC grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,467 shares of the company's stock after buying an additional 8,772 shares during the period. Vistra makes up 3.2% of Night Owl Capital Management LLC's holdings, making the stock its 16th biggest position. Night Owl Capital Management LLC owned 0.06% of Vistra worth $25,304,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Amalgamated Bank boosted its holdings in Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra during the first quarter worth approximately $432,000. Envestnet Asset Management Inc. grew its position in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after buying an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after acquiring an additional 224 shares during the period. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE:VST opened at $189.97 on Friday. Vistra Corp. has a one year low of $72.90 and a one year 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 company has a market cap of $64.36 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.17 and a beta of 1.33. The firm has a 50 day simple moving average of $195.58 and a 200 day simple moving average of $159.78.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results 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 return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VST shares. Melius Research upgraded Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective on the stock. Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Jefferies Financial Group boosted their target price on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley set a $207.00 price target on shares of Vistra and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average 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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