Vistra Corp. $VST Shares Bought by Encompass Capital Advisors LLC

Key Points

• Encompass Capital Advisors LLC increased its stake in Vistra Corp. by 21.2%, now holding approximately $67.76 million in shares, making it the 14th largest position in their portfolio.
• Vistra's stock has seen a significant price fluctuation, with a 1-year low of $72.90 and a high of $216.85, alongside a current market cap of $63.72 billion.
• The company recently announced a quarterly dividend increase to $0.226 per share, reflecting a boost from the previous quarterly dividend of $0.23, with a dividend yield of 0.5%.

Encompass Capital Advisors LLC lifted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576,987 shares of the company's stock after buying an additional 100,866 shares during the period. Vistra makes up 2.6% of Encompass Capital Advisors LLC's holdings, making the stock its 14th biggest position. Encompass Capital Advisors LLC owned 0.17% of Vistra worth $67,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cinctive Capital Management LP grew its holdings in shares of Vistra by 6.2% in the first quarter. Cinctive Capital Management LP now owns 256,163 shares of the company's stock valued at $30,084,000 after purchasing an additional 14,924 shares during the period. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares during the period. AQR Capital Management LLC grew its holdings in shares of Vistra by 17.1% in the first quarter. AQR Capital Management LLC now owns 256,737 shares of the company's stock valued at $29,009,000 after purchasing an additional 37,507 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Vistra by 11.4% in the first quarter. Advisors Asset Management Inc. now owns 25,934 shares of the company's stock valued at $3,046,000 after purchasing an additional 2,652 shares during the period. Finally, 140 Summer Partners LP purchased a new stake in shares of Vistra in the first quarter valued at about $56,876,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 1.1%

NYSE:VST traded down $2.00 during mid-day trading on Friday, hitting $187.73. The stock had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The stock has a 50-day simple moving average of $195.43 and a two-hundred day simple moving average of $159.84. The company has a market capitalization of $63.61 billion, a PE ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. Vistra Corp. has a twelve month low of $72.90 and a twelve month 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.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results 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 net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced 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 dividend on an annualized basis 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 payout ratio is 14.35%.

Analysts Set New Price Targets

VST has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Melius initiated coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a report on Friday, August 8th. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.43.

Vistra 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.