Moore Capital Management LP Acquires 39,665 Shares of Vistra Corp. $VST

Moore Capital Management LP grew its holdings in shares of Vistra Corp. (NYSE:VST) by 45.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,165 shares of the company’s stock after purchasing an additional 39,665 shares during the quarter. Moore Capital Management LP’s holdings in Vistra were worth $20,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra during the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra during the 4th quarter valued at approximately $30,000. Strive Financial Group LLC bought a new position in shares of Vistra during the 4th quarter valued at approximately $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of Vistra during the 4th quarter worth approximately $35,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Scotiabank upped their price target on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Zacks Research cut Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Trading Up 0.1%

Shares of VST opened at $137.16 on Monday. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The stock has a market cap of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The business’s 50-day moving average price is $151.62 and its 200-day moving average price is $155.50.

Vistra (NYSE:VST) last released its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, equities analysts forecast that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.54%.

Insider Activity

In other news, Director John R. Sult sold 6,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. This trade represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,588 shares of company stock valued at $5,914,427 in the last quarter. 0.92% of the stock is currently owned by company insiders.

About Vistra

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.