XTX Topco Ltd Sells 13,461 Shares of Vistra Corp. (NYSE:VST)

XTX Topco Ltd decreased its holdings in Vistra Corp. (NYSE:VST) by 50.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,966 shares of the company’s stock after selling 13,461 shares during the period. XTX Topco Ltd’s holdings in Vistra were worth $1,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Seven Eight Capital LP increased its holdings in Vistra by 76.5% in the 2nd quarter. Seven Eight Capital LP now owns 59,558 shares of the company’s stock worth $5,121,000 after buying an additional 25,813 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Vistra by 51.9% during the 2nd quarter. Hsbc Holdings PLC now owns 862,300 shares of the company’s stock valued at $73,939,000 after acquiring an additional 294,494 shares during the last quarter. Elo Mutual Pension Insurance Co grew its stake in shares of Vistra by 1.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 31,500 shares of the company’s stock worth $2,708,000 after acquiring an additional 463 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Vistra during the second quarter valued at approximately $1,719,000. Finally, Blair William & Co. IL lifted its position in Vistra by 57.2% during the second quarter. Blair William & Co. IL now owns 9,928 shares of the company’s stock valued at $854,000 after purchasing an additional 3,611 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group initiated coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 price objective for the company. Finally, Morgan Stanley raised their target price on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average price target of $91.71.

Vistra Stock Performance

NYSE:VST opened at $107.77 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock has a 50-day simple moving average of $80.15 and a two-hundred day simple moving average of $80.56. The firm has a market capitalization of $37.03 billion, a PE ratio of 66.12 and a beta of 1.08. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $108.26.

Vistra (NYSE:VST) last announced its quarterly earnings data 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 net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Analysts forecast that Vistra Corp. will post 4.52 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 given a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Vistra Company 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.