QRG Capital Management Inc. Purchases 23,676 Shares of Vistra Corp. (NYSE:VST)

QRG Capital Management Inc. lifted its position in Vistra Corp. (NYSE:VST - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,561 shares of the company's stock after purchasing an additional 23,676 shares during the quarter. QRG Capital Management Inc.'s holdings in Vistra were worth $5,877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Vistra by 19,070.8% in the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company's stock valued at $214,426,000 after buying an additional 5,537,584 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Vistra during the third quarter worth approximately $57,218,000. Deutsche Bank AG lifted its holdings in shares of Vistra by 509.3% during the third quarter. Deutsche Bank AG now owns 1,734,590 shares of the company's stock worth $57,554,000 after purchasing an additional 1,449,905 shares during the period. Panagora Asset Management Inc. grew its position in Vistra by 1,767.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,472,090 shares of the company's stock valued at $48,844,000 after buying an additional 1,393,241 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Vistra by 1,701.3% in the 3rd quarter. Federated Hermes Inc. now owns 1,469,484 shares of the company's stock valued at $48,757,000 after buying an additional 1,387,906 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Trading Down 3.5 %

Vistra stock traded down $3.24 during trading on Monday, hitting $90.18. The company's stock had a trading volume of 7,951,444 shares, compared to its average volume of 6,247,284. The stock's fifty day moving average is $70.38 and its 200 day moving average is $50.25. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.11 and a current ratio of 1.18. Vistra Corp. has a 1-year low of $23.53 and a 1-year high of $96.07. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 55.33 and a beta of 1.02.

Vistra (NYSE:VST - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $5.48 billion. Vistra had a return on equity of 27.69% and a net margin of 5.66%. As a group, equities research analysts predict that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.218 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a yield of 0.97%. Vistra's payout ratio is 52.76%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, the executive vice president now owns 184,201 shares of the company's stock, valued at approximately $11,536,508.63. The disclosure for this sale can be found here. Insiders sold 257,285 shares of company stock valued at $15,404,397 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VST. UBS Group lifted their target price on shares of Vistra from $85.00 to $110.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley reaffirmed an "overweight" rating and set a $78.00 price target on shares of Vistra in a research note on Monday, March 25th. BMO Capital Markets raised their target price on shares of Vistra from $79.00 to $109.00 and gave the company an "outperform" rating in a report on Friday. Janney Montgomery Scott initiated coverage on shares of Vistra in a research report on Thursday, April 18th. They set a "buy" rating and a $82.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Vistra from $72.00 to $79.00 and gave the company an "outperform" rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has a consensus rating of "Buy" and an average target price of $82.50.

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.