Sagefield Capital LP Makes New $7.27 Million Investment in Vistra Corp. (NYSE:VST)

Sagefield Capital LP acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 84,508 shares of the company’s stock, valued at approximately $7,266,000.

Several other large investors also recently added to or reduced their stakes in VST. Simplicity Wealth LLC boosted its holdings in shares of Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after purchasing an additional 112 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Vistra by 16.8% in the first quarter. Lindbrook Capital LLC now owns 981 shares of the company’s stock valued at $68,000 after purchasing an additional 141 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Vistra by 38.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 557 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Vistra by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 36,465 shares of the company’s stock valued at $2,539,000 after purchasing an additional 170 shares during the period. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Vistra by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,965 shares of the company’s stock valued at $341,000 after purchasing an additional 190 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Stock Up 3.5 %

Vistra stock opened at $111.64 on Tuesday. The business has a fifty day moving average of $80.66 and a two-hundred day moving average of $81.20. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm has a market cap of $38.79 billion, a P/E ratio of 68.49 and a beta of 1.08. Vistra Corp. has a twelve month low of $31.16 and a twelve month high of $114.55.

Vistra (NYSE:VST) last issued its quarterly earnings data 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 net margin of 4.61% and a return on equity of 21.05%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the company posted $1.03 EPS. On average, analysts forecast that Vistra Corp. will post 4.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 53.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VST shares. Morgan Stanley boosted their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group began coverage on Vistra in a report on Friday, September 13th. They set a “buy” rating and a $99.00 target price for the company. Finally, BMO Capital Markets upped their target price on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $104.50.

Vistra Profile

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.