Vistra Corp. (NYSE:VST) Stock Position Decreased by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its position in Vistra Corp. (NYSE:VST) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,701 shares of the company’s stock after selling 19,155 shares during the quarter. Easterly Investment Partners LLC’s holdings in Vistra were worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in Vistra in the first quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in Vistra by 160.7% in the fourth quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Lindbrook Capital LLC increased its position in Vistra by 64.4% during the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after buying an additional 329 shares during the last quarter. Rise Advisors LLC bought a new position in Vistra during the fourth quarter valued at about $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Vistra in the first quarter worth about $39,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of NYSE VST traded up $0.02 during mid-day trading on Wednesday, hitting $91.42. The company had a trading volume of 3,078,950 shares, compared to its average volume of 6,675,727. Vistra Corp. has a 12 month low of $26.06 and a 12 month high of $107.24. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. The firm has a market cap of $31.76 billion, a P/E ratio of 56.08 and a beta of 1.05. The business’s 50-day simple moving average is $90.71 and its 200-day simple moving average is $66.88.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. As a group, analysts predict that Vistra Corp. will post 3.95 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a $0.218 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.95%. Vistra’s dividend payout ratio is currently 53.37%.

Analyst Ratings Changes

A number of research analysts recently weighed in on VST shares. Evercore ISI raised their price objective on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets upped their price objective on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. UBS Group raised their target price on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Janney Montgomery Scott assumed coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price for the company. Finally, Morgan Stanley raised their price target on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $87.83.

Insider Transactions at Vistra

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is owned by insiders.

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.