Beverly Hills Private Wealth LLC Trims Holdings in Vistra Corp. (NYSE:VST)

Beverly Hills Private Wealth LLC trimmed its position in Vistra Corp. (NYSE:VST) by 43.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,249 shares of the company’s stock after selling 6,465 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Vistra were worth $709,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VST. Thornburg Investment Management Inc. purchased a new position in Vistra during the second quarter valued at approximately $674,000. Cornercap Investment Counsel Inc. purchased a new position in Vistra during the second quarter valued at approximately $2,004,000. Forsta AP Fonden purchased a new position in Vistra during the second quarter valued at approximately $5,331,000. Jupiter Asset Management Ltd. raised its position in Vistra by 6.3% during the second quarter. Jupiter Asset Management Ltd. now owns 697,465 shares of the company’s stock valued at $59,968,000 after acquiring an additional 41,225 shares in the last quarter. Finally, Qsemble Capital Management LP raised its position in Vistra by 40.8% during the second quarter. Qsemble Capital Management LP now owns 36,073 shares of the company’s stock valued at $3,102,000 after acquiring an additional 10,444 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their price target 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $87.83.

Vistra Stock Performance

Shares of NYSE:VST opened at $80.47 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The business’s 50 day moving average price is $79.97 and its 200-day moving average price is $78.90. The firm has a market capitalization of $27.65 billion, a PE ratio of 49.37 and a beta of 1.08. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $107.24.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 1.09%. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

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.