Partners Capital Investment Group LLP Makes New $352,000 Investment in Vistra Corp. $VST

Key Points

• Partners Capital Investment Group LLP has acquired a new position in Vistra Corp., purchasing 2,998 shares valued at approximately $352,000 during the first quarter of the year.
• Vistra Corp. announced an increase in its quarterly dividend to $0.226 per share, up from $0.23, with an upcoming payment date scheduled for September 30th.
• The company reported earnings per share of $1.01 for the last quarter, which missed analysts' expectations, and had a revenue of $4.25 billion, falling short of the consensus estimate of $5.15 billion.

Partners Capital Investment Group LLP bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,998 shares of the company's stock, valued at approximately $352,000.

Several other hedge funds have also recently added to or reduced their stakes in VST. Dimensional Fund Advisors LP increased its position in shares of Vistra by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock valued at $492,102,000 after purchasing an additional 11,386 shares during the period. Northern Trust Corp increased its position in shares of Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock valued at $362,166,000 after purchasing an additional 57,358 shares during the period. Castle Hook Partners LP increased its position in shares of Vistra by 13.6% during the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Vistra by 5.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company's stock worth $304,148,000 after acquiring an additional 106,803 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Vistra by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,072,045 shares of the company's stock worth $285,674,000 after acquiring an additional 132,530 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VST. Morgan Stanley raised their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Melius began coverage on Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Melius Research raised Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $199.93.

Vistra Stock Performance

VST traded down $0.56 on Monday, hitting $189.90. 2,720,997 shares of the stock traded hands, compared to its average volume of 7,059,995. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market capitalization of $64.34 billion, a PE ratio of 30.29, a P/E/G ratio of 2.19 and a beta of 1.30. The business has a fifty day moving average price of $194.24 and a two-hundred day moving average price of $158.17.

Vistra (NYSE:VST - Get Free Report) last issued 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 net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, research analysts predict that Vistra Corp. will post 7 EPS 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 paid a $0.226 dividend. The ex-dividend date is Friday, September 19th. 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. Vistra's dividend payout ratio is currently 14.35%.

Insider Activity

In other news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,000 shares of company stock worth $18,579,650. Company insiders own 1.42% of the company's stock.

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.