Aristeia Capital L.L.C. Acquires Shares of 5,874 Vistra Corp. (NYSE:VST)

Aristeia Capital L.L.C. bought a new position in Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,874 shares of the company’s stock, valued at approximately $505,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra during the 2nd quarter worth approximately $26,000. Mather Group LLC. bought a new position in Vistra during the first quarter valued at $26,000. EdgeRock Capital LLC bought a new stake in shares of Vistra in the 2nd quarter worth about $34,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra during the 1st quarter valued at about $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Vistra during the 2nd quarter valued at about $47,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley boosted their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group initiated coverage on shares of Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 price objective for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $104.50.

Vistra Trading Up 3.5 %

Shares of NYSE VST opened at $111.64 on Tuesday. Vistra Corp. has a fifty-two week low of $31.16 and a fifty-two week high of $114.55. 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 has a market cap of $38.79 billion, a price-to-earnings ratio of 68.49 and a beta of 1.08. The business’s 50 day moving average price is $80.66 and its 200-day moving average price is $81.20.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the previous year, the business earned $1.03 EPS. On average, sell-side analysts expect that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

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.