Quarry LP Sells 20,794 Shares of Vistra Corp. $VST

Key Points

• Quarry LP reduced its stake in Vistra Corp. by 97.3% during the 1st quarter, selling 20,794 shares and leaving it with only 584 shares valued at $69,000.
• Vistra Corp. reported a quarterly earnings miss of $1.01 per share, falling short of analysts' expectations of $1.63, with revenues of $4.25 billion compared to a forecast of $5.15 billion.
• The company has announced a new quarterly dividend of $0.226 per share, representing a slight increase from the previous dividend, with a dividend yield of 0.5%.

Quarry LP decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 97.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584 shares of the company's stock after selling 20,794 shares during the period. Quarry LP's holdings in Vistra were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VST. Aptus Capital Advisors LLC bought a new position in Vistra in the 4th quarter valued at approximately $274,000. Baird Financial Group Inc. increased its position in Vistra by 10.1% in the 4th quarter. Baird Financial Group Inc. now owns 14,068 shares of the company's stock valued at $1,940,000 after acquiring an additional 1,288 shares during the period. Captrust Financial Advisors raised its stake in shares of Vistra by 2.4% during the fourth quarter. Captrust Financial Advisors now owns 44,015 shares of the company's stock valued at $6,068,000 after acquiring an additional 1,045 shares during the last quarter. BOKF NA lifted its holdings in shares of Vistra by 10.0% during the fourth quarter. BOKF NA now owns 22,908 shares of the company's stock worth $3,158,000 after purchasing an additional 2,090 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Vistra by 29.2% in the fourth quarter. Cetera Investment Advisers now owns 126,403 shares of the company's stock worth $17,427,000 after purchasing an additional 28,592 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Vistra Trading Up 1.0%

VST opened at $189.97 on Friday. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a fifty day moving average of $195.58 and a 200-day moving average of $159.78. The stock has a market cap of $64.36 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share 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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets boosted their price objective on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Morgan Stanley set a $207.00 price objective on shares of Vistra and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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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