Vistra Corp. (NYSE:VST) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP raised its holdings in shares of Vistra Corp. (NYSE:VST) by 76.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 59,558 shares of the company’s stock after acquiring an additional 25,813 shares during the quarter. Vistra accounts for about 0.5% of Seven Eight Capital LP’s investment portfolio, making the stock its 23rd largest holding. Seven Eight Capital LP’s holdings in Vistra were worth $5,121,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of Vistra during the 1st quarter valued at about $26,000. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the second quarter worth $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Vistra in the first quarter valued at $32,000. EdgeRock Capital LLC acquired a new stake in Vistra during the 2nd quarter valued at $34,000. Finally, Riverview Trust Co acquired a new stake in Vistra during the 1st quarter valued at $39,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VST. Morgan Stanley boosted their price objective on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Jefferies Financial Group started coverage on Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target for the company. Seven 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.com, the company presently has a consensus rating of “Buy” and an average target price of $89.43.

Vistra Trading Up 2.0 %

Vistra stock opened at $91.17 on Wednesday. The firm’s 50-day moving average is $79.82 and its 200-day moving average is $80.04. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $107.24. The company has a market cap of $31.68 billion, a P/E ratio of 55.93 and a beta of 1.08.

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 return on equity of 21.05% and a net margin of 4.61%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the business earned $1.03 EPS. On average, equities analysts expect that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. 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 annualized dividend and a yield of 0.96%. Vistra’s dividend payout ratio (DPR) 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.