QRG Capital Management Inc. Has $11.43 Million Stock Holdings in Vistra Corp. $VST

QRG Capital Management Inc. lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,324 shares of the company’s stock after selling 64,674 shares during the period. QRG Capital Management Inc.’s holdings in Vistra were worth $11,427,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Vistra in the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in shares of Vistra in the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra in the 2nd quarter valued at $28,000. Anfield Capital Management LLC acquired a new stake in shares of Vistra during the second quarter worth $29,000. Finally, City State Bank raised its stake in Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

VST opened at $166.93 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 60.26, a PEG ratio of 1.03 and a beta of 1.41. The company’s fifty day moving average price is $169.20 and its two-hundred day moving average price is $187.86. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.227 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 32.49%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VST. Bank of America dropped their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Cowen started coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. TD Cowen initiated coverage on shares of Vistra in a research report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $228.00 target price on shares of Vistra in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $239.40.

Insider Activity

In related news, CEO James A. Burke sold 22,251 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the sale, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. This represents a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 278,995 shares of company stock worth $50,757,547. 1.42% of the stock is owned by insiders.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.