MKP Capital Management L.L.C. Makes New $3.70 Million Investment in Vistra Corp. (NYSE:VST)

MKP Capital Management L.L.C. acquired a new stake in Vistra Corp. (NYSE:VST) during the second quarter, Holdings Channel reports. The institutional investor acquired 43,000 shares of the company’s stock, valued at approximately $3,697,000. Vistra accounts for 0.2% of MKP Capital Management L.L.C.’s portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently modified their holdings of the company. Mather Group LLC. acquired a new position in Vistra in the 1st quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in Vistra during the 1st quarter valued at approximately $32,000. EdgeRock Capital LLC purchased a new stake in shares of Vistra in the 2nd quarter valued at $34,000. Riverview Trust Co acquired a new stake in shares of Vistra in the first quarter worth $39,000. Finally, ORG Partners LLC purchased a new position in shares of Vistra during the first quarter worth $46,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vistra news, Director Lisa Crutchfield acquired 335 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price target on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $87.83.

Vistra Price Performance

NYSE:VST opened at $73.70 on Friday. The company has a 50 day moving average price of $80.91 and a 200-day moving average price of $78.27. Vistra Corp. has a 1-year low of $31.16 and a 1-year high of $107.24. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 45.22 and a beta of 1.08. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts forecast that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 1.19%. Vistra’s dividend payout ratio is presently 53.37%.

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.