Vistra Corp. (NYSE:VST) Position Boosted by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its holdings in shares of Vistra Corp. (NYSE:VST) by 15.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,550 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Hodges Capital Management Inc.’s holdings in Vistra were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of Vistra in the first quarter worth about $26,000. Blue Trust Inc. boosted its holdings in shares of Vistra by 160.7% in the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after buying an additional 442 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after buying an additional 329 shares during the period. Rise Advisors LLC acquired a new position in shares of Vistra in the fourth quarter worth about $35,000. Finally, Riverview Trust Co acquired a new position in shares of Vistra in the first quarter worth about $39,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other Vistra news, Director Lisa Crutchfield acquired 335 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VST shares. UBS Group raised their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets raised their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Evercore ISI increased their price target on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley increased their price target on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. 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.com, Vistra presently has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Price Performance

Shares of VST opened at $85.98 on Friday. The firm has a market cap of $29.87 billion, a PE ratio of 52.75 and a beta of 1.03. The firm’s 50 day moving average price is $88.16 and its 200 day moving average price is $64.11. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. Vistra Corp. has a twelve month low of $25.64 and a twelve month high of $107.24.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. As a group, research analysts expect that Vistra Corp. will post 3.95 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

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.