QRG Capital Management Inc. Sells 96,254 Shares of Vistra Corp. (NYSE:VST)

by · The Cerbat Gem

QRG Capital Management Inc. cut its holdings in Vistra Corp. (NYSE:VST – Free Report) by 37.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,046 shares of the company’s stock after selling 96,254 shares during the quarter. QRG Capital Management Inc.’s holdings in Vistra were worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Forum Financial Management LP boosted its position in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after acquiring an additional 80 shares in the last quarter. Interchange Capital Partners LLC boosted its position in Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after acquiring an additional 109 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Vistra by 3.0% in the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock worth $334,000 after purchasing an additional 112 shares in the last quarter. New Century Financial Group LLC boosted its position in shares of Vistra by 4.4% in the 3rd quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock worth $316,000 after purchasing an additional 112 shares in the last quarter. Finally, Nvwm LLC boosted its position in shares of Vistra by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,446 shares of the company’s stock worth $1,238,000 after purchasing an additional 138 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

VST traded down $5.29 during mid-day trading on Monday, reaching $114.22. 2,813,361 shares of the company traded hands, compared to its average volume of 6,872,288. The stock has a market capitalization of $39.24 billion, a P/E ratio of 87.88 and a beta of 1.09. 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 company’s fifty day moving average price is $108.66 and its 200-day moving average price is $92.85. Vistra Corp. has a 52-week low of $33.84 and a 52-week high of $143.87.

Vistra (NYSE:VST – Get Free Report) last announced 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 company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, sell-side analysts expect that Vistra Corp. will post 4.02 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. The ex-dividend date is Friday, December 20th. 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 yield of 0.77%. Vistra’s payout ratio is currently 64.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. Guggenheim boosted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group dropped their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Royal Bank of Canada boosted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra has a consensus rating of “Buy” and an average target price of $145.40.

View Our Latest Stock Analysis on Vistra

Vistra Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).