Ancora Advisors LLC Has $5.11 Million Position in Vistra Corp. $VST

Key Points

• Ancora Advisors LLC reduced its stake in Vistra Corp. by 36.4%, now holding 43,515 shares valued at approximately $5.11 million after selling 24,861 shares.
• Vistra reported earnings per share (EPS) of $1.01 for the latest quarter, missing estimates by $0.62, and had a revenue of $4.25 billion, also below expectations of $5.15 billion.
• The company announced an increase in its quarterly dividend to $0.226 per share, which will be paid on September 30th, reflecting a yield of 0.5%.

Ancora Advisors LLC reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 36.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,515 shares of the company's stock after selling 24,861 shares during the quarter. Ancora Advisors LLC's holdings in Vistra were worth $5,110,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. 140 Summer Partners LP bought a new stake in shares of Vistra in the first quarter worth about $56,876,000. JAT Capital Mgmt LP bought a new stake in shares of Vistra in the first quarter worth about $22,280,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of Vistra by 1,152.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 94,149 shares of the company's stock worth $11,057,000 after acquiring an additional 86,631 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Vistra by 362.6% in the first quarter. Dark Forest Capital Management LP now owns 42,205 shares of the company's stock worth $4,957,000 after acquiring an additional 33,081 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Vistra by 9.1% in the first quarter. EP Wealth Advisors LLC now owns 8,707 shares of the company's stock worth $1,022,000 after acquiring an additional 727 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VST. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a report on Friday. UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $201.43.

Vistra Stock Down 1.1%

Shares of VST stock traded down $2.00 during trading on Friday, reaching $187.73. The company's stock had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The company has a market cap of $63.61 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.33. The business has a fifty day moving average price of $195.43 and a 200-day moving average price of $159.84. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a one year low of $72.90 and a one year 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 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 the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Analysts anticipate 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 issued 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 positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

About Vistra

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.