PointState Capital LP Sells 514,332 Shares of Vistra Corp. $VST

Key Points

• PointState Capital LP has reduced its stake in Vistra Corp. by 55.3%, now holding 415,201 shares valued at approximately $48.76 million after selling 514,332 shares in the first quarter.
• Vistra recently increased its quarterly dividend to $0.226 per share, representing an annual yield of 0.5%, with the ex-dividend date set for September 19th.
• Despite a recent earnings miss with quarterly EPS of $1.01 against the expected $1.63, Wall Street analysts maintain a mixed outlook, with an average target price of $201.43 and a rating of "Moderate Buy."

PointState Capital LP trimmed its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 55.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415,201 shares of the company's stock after selling 514,332 shares during the period. PointState Capital LP owned 0.12% of Vistra worth $48,761,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VST. Banque Transatlantique SA grew its stake in Vistra by 132.0% during 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 in the last quarter. HM Payson & Co. grew its stake in Vistra by 275.4% during 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 in the last quarter. Ameriflex Group Inc. bought a new position in Vistra during the fourth quarter valued at $32,000. Keener Financial Planning LLC bought a new position in Vistra during the first quarter valued at $34,000. Finally, WPG Advisers LLC bought a new position in Vistra during the first quarter valued at $37,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group increased their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets increased their price objective on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Melius assumed coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective for the company. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Two equities 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.43.

Vistra Trading Down 0.2%

Shares of Vistra stock traded down $0.35 during trading on Monday, hitting $187.66. The stock had a trading volume of 4,147,477 shares, compared to its average volume of 3,403,082. The firm's fifty day simple moving average is $195.31 and its 200-day simple moving average is $160.08. The stock has a market cap of $63.58 billion, a PE ratio of 29.93, a PEG ratio of 2.94 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 12 month low of $72.90 and a 12 month high of $216.85.

Vistra (NYSE:VST - Get Free Report) last released its 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). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, sell-side analysts expect that Vistra Corp. will post 7 EPS for the current fiscal 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 issued a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is 14.35%.

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.