Vistra Corp. $VST is Boundary Creek Advisors LP's 9th Largest Position

Key Points

• Boundary Creek Advisors LP has reduced its stake in Vistra Corp. by 76.5%, now holding 40,000 shares, making it the firm's 9th largest position.
• Vistra Corp. reported earnings per share of $1.01 for the last quarter, missing expectations, and had a revenue of $4.25 billion against a forecast of $5.15 billion.
• Vistra has announced a dividend increase to $0.226 per share, which will be paid on September 30th, reflecting a bullish commitment to returning value to shareholders.

Boundary Creek Advisors LP cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 76.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the company's stock after selling 130,000 shares during the quarter. Vistra comprises approximately 1.3% of Boundary Creek Advisors LP's investment portfolio, making the stock its 9th biggest position. Boundary Creek Advisors LP's holdings in Vistra were worth $4,698,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. grew its holdings in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Vistra during the 4th quarter worth $32,000. Keener Financial Planning LLC purchased a new position in shares of Vistra during the 1st quarter worth $34,000. Finally, WPG Advisers LLC purchased a new position in shares of Vistra during the 1st quarter worth $37,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

VST opened at $187.73 on Friday. 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 cap of $63.61 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. The stock's 50-day moving average price is $195.43 and its 200 day moving average price is $159.84. 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 announced its quarterly earnings data 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 company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current 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. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 14.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen cut Vistra from a "hold" rating to a "sell" rating in a report on Friday. Melius Research raised Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. UBS Group increased their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group increased their target price on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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