IMS Capital Management Has $620,000 Stake in Vistra Corp. (NYSE:VST)

IMS Capital Management trimmed its stake in shares of Vistra Corp. (NYSE:VST) by 40.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,780 shares of the company’s stock after selling 5,379 shares during the period. IMS Capital Management’s holdings in Vistra were worth $620,000 at the end of the most recent reporting period.

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

Vistra Stock Up 0.7 %

Shares of Vistra stock opened at $118.54 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. Vistra Corp. has a 52-week low of $31.16 and a 52-week high of $122.01. The company’s 50 day moving average price is $84.42 and its 200-day moving average price is $83.17. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 72.72 and a beta of 1.08.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the business earned $1.03 EPS. Equities research analysts forecast that Vistra Corp. will post 4.7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.74%. Vistra’s dividend payout ratio is 53.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VST shares. Jefferies Financial Group lifted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley lifted their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets raised their target price on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $110.83.

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.