Wedge Capital Management L L P NC Sells 121,250 Shares of Vistra Corp. (NYSE:VST)

Wedge Capital Management L L P NC decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 42.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,663 shares of the company’s stock after selling 121,250 shares during the period. Wedge Capital Management L L P NC’s holdings in Vistra were worth $13,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC boosted its position in shares of Vistra by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares during the last quarter. Lindbrook Capital LLC grew its stake in Vistra by 16.8% in the 1st quarter. Lindbrook Capital LLC now owns 981 shares of the company’s stock worth $68,000 after buying an additional 141 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Vistra by 38.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock worth $48,000 after buying an additional 155 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Vistra by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock worth $2,539,000 after buying an additional 170 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Vistra by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 23,720 shares of the company’s stock valued at $1,652,000 after purchasing an additional 261 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the subject of a number of research reports. Janney Montgomery Scott initiated coverage on shares of Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. UBS Group increased their price target on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets increased their price target on shares of Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Morgan Stanley increased their price target on shares of Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Six equities research 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 currently has a consensus rating of “Buy” and a consensus target price of $87.83.

Vistra Trading Up 2.8 %

Shares of NYSE:VST traded up $2.19 on Thursday, hitting $81.44. The company had a trading volume of 4,955,306 shares, compared to its average volume of 6,773,261. The firm’s 50-day simple moving average is $82.95 and its two-hundred day simple moving average is $73.84. Vistra Corp. has a 1 year low of $29.47 and a 1 year high of $107.24. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 49.96 and a beta of 1.05.

Vistra (NYSE:VST) last posted its 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). Vistra had a return on equity of 22.61% and a net margin of 4.61%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the business posted $1.03 earnings per share. Equities analysts anticipate that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm 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 dividend yield of 1.08%. This is a positive change 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%.

Insider Buying and Selling

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the purchase, the director now directly owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is owned by company 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.