Newbrook Capital Advisors LP Has $29.65 Million Stock Position in Vistra Corp. $VST

Key Points

• Newbrook Capital Advisors LP increased its stake in Vistra Corp. by 41.9% during the first quarter, owning 252,443 shares valued at approximately $29.6 million.
• Analysts have raised price targets for Vistra Corp., with BMO Capital Markets setting a new target of $229.00 and UBS Group at $230.00, both rating the company as "buy".
• Vistra recently disclosed a quarterly dividend increase to $0.226 per share, representing a 0.5% yield and indicating a positive outlook on the company's financial stability.

Newbrook Capital Advisors LP grew its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 41.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,443 shares of the company's stock after buying an additional 74,579 shares during the period. Vistra accounts for approximately 4.7% of Newbrook Capital Advisors LP's holdings, making the stock its 9th biggest position. Newbrook Capital Advisors LP owned 0.07% of Vistra worth $29,647,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. HM Payson & Co. raised its position in shares of Vistra by 275.4% in 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 last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra in the 4th quarter worth about $32,000. Keener Financial Planning LLC purchased a new position in shares of Vistra in the 1st quarter worth about $34,000. WPG Advisers LLC purchased a new position in shares of Vistra in the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Vistra in the 1st quarter worth about $39,000. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of NYSE VST traded up $1.85 during midday trading on Thursday, hitting $189.97. 2,769,407 shares of the company's stock traded hands, compared to its average volume of 6,904,480. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85. The stock has a market capitalization of $64.36 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a fifty day moving average of $195.59 and a 200 day moving average of $159.63.

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 analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.5%. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.35%.

Analyst Upgrades and Downgrades

VST has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Melius Research raised Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price for the company. Finally, Morgan Stanley set a $207.00 target price on shares of Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.