Evergreen Capital Management LLC Purchases Shares of 3,624 Vistra Corp. (NYSE:VST)

Evergreen Capital Management LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,624 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Third Point LLC raised its stake in Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after purchasing an additional 995,748 shares in the last quarter. Castle Hook Partners LP lifted its holdings in shares of Vistra by 470.0% in the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. Wellington Management Group LLP grew its position in Vistra by 11.5% in the fourth quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock worth $135,570,000 after acquiring an additional 363,897 shares in the last quarter. TD Asset Management Inc increased its stake in Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after acquiring an additional 2,910,015 shares during the last quarter. Finally, GQG Partners LLC raised its position in Vistra by 25.1% during the first quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after purchasing an additional 514,722 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VST has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets raised their target price on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $110.83.

Vistra Stock Performance

Shares of Vistra stock opened at $117.70 on Friday. Vistra Corp. has a 52 week low of $31.16 and a 52 week high of $122.01. The company has a market capitalization of $40.44 billion, a PE ratio of 72.21 and a beta of 1.08. The stock’s fifty day moving average is $83.63 and its two-hundred day moving average is $82.47. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the business earned $1.03 EPS. As a group, analysts expect that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.99%.

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.