Hodges Capital Management Inc. Sells 28,236 Shares of Vistra Corp. $VST

Hodges Capital Management Inc. lessened its holdings in Vistra Corp. (NYSE:VST) by 89.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,218 shares of the company’s stock after selling 28,236 shares during the quarter. Hodges Capital Management Inc.’s holdings in Vistra were worth $484,000 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. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Vistra in the 3rd quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra in the 4th quarter valued at $30,000. Finally, Triumph Capital Management acquired a new stake in Vistra in the 3rd quarter valued at $38,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 4.1%

Shares of VST opened at $157.24 on Tuesday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market cap of $53.02 billion, a price-to-earnings ratio of 26.34 and a beta of 1.40. The stock has a fifty day moving average price of $154.38 and a two-hundred day moving average price of $158.74. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Analysts predict that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.229 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio is currently 15.41%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of analyst reports. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Seaport Research Partners reiterated a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $230.31.

Insider Activity at Vistra

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the sale, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares of the company’s stock, valued at $8,109,918. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,588 shares of company stock worth $6,739,227 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Vistra Company Profile

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.