Xponance Inc. Acquires 12,056 Shares of Vistra Corp. (NYSE:VST)

Xponance Inc. grew its holdings in Vistra Corp. (NYSE:VST) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,130 shares of the company’s stock after purchasing an additional 12,056 shares during the period. Xponance Inc.’s holdings in Vistra were worth $6,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. purchased a new position in shares of Vistra in the 1st quarter worth $26,000. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra in the 2nd quarter worth $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Vistra in the 1st quarter worth $32,000. EdgeRock Capital LLC purchased a new position in shares of Vistra in the 2nd quarter worth $34,000. Finally, Riverview Trust Co purchased a new position in shares of Vistra in the 1st quarter worth $39,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 0.7 %

VST stock opened at $112.43 on Wednesday. The company has a market capitalization of $38.63 billion, a PE ratio of 68.98 and a beta of 1.08. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $115.57. The firm’s 50-day moving average is $81.19 and its 200 day moving average is $81.57. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.

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). The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the prior year, the business earned $1.03 EPS. On average, research analysts anticipate that Vistra Corp. will post 4.78 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.2195 dividend. This represents a $0.88 annualized dividend and a yield of 0.78%. 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 dividend payout ratio (DPR) is currently 53.99%.

Analyst Ratings Changes

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

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.