Symmetry Investments LP Acquires 16,800 Shares of Vistra Corp. (NYSE:VST)

Symmetry Investments LP increased its stake in Vistra Corp. (NYSE:VST) by 41.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,100 shares of the company’s stock after purchasing an additional 16,800 shares during the quarter. Symmetry Investments LP’s holdings in Vistra were worth $4,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of Vistra during the 1st quarter valued at approximately $26,000. Redwood Wealth Management Group LLC bought a new position in shares of Vistra in the second quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra in the first quarter worth $32,000. EdgeRock Capital LLC bought a new stake in shares of Vistra during the 2nd quarter valued at $34,000. Finally, Riverview Trust Co purchased a new position in shares of Vistra during the 1st quarter valued at $39,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 16.2 %

Shares of VST opened at $107.77 on Friday. Vistra Corp. has a fifty-two week low of $31.16 and a fifty-two week high of $108.26. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company’s fifty day moving average is $80.15 and its 200 day moving average is $80.56. The stock has a market capitalization of $37.03 billion, a PE ratio of 66.12 and a beta of 1.08.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $4.04 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Sell-side analysts expect that Vistra Corp. will post 4.52 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 dividend of $0.2195 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is currently 53.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VST shares. BMO Capital Markets boosted their price target on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley upped their target price on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price target on the stock. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $91.71.

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.