Interchange Capital Partners LLC Makes New $224,000 Investment in Vistra Corp. (NYSE:VST)

Interchange Capital Partners LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,601 shares of the company’s stock, valued at approximately $224,000.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Guggenheim upgraded Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. UBS Group boosted their price objective on Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Morgan Stanley boosted their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average price target of $87.83.

Vistra Trading Up 0.9 %

Shares of VST stock opened at $85.43 on Monday. 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 $30.36 and a 1 year high of $107.24. The stock has a fifty day moving average of $81.90 and a two-hundred day moving average of $77.38. The firm has a market capitalization of $29.35 billion, a PE ratio of 52.41 and a beta of 1.05.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm posted $1.03 EPS. As a group, research analysts expect that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Insider Transactions at Vistra

In other news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the purchase, the director now owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

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.