Friedenthal Financial Sells 3,825 Shares of Vistra Corp. (NYSE:VST)

Friedenthal Financial reduced its position in Vistra Corp. (NYSE:VST) by 29.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,976 shares of the company’s stock after selling 3,825 shares during the period. Friedenthal Financial’s holdings in Vistra were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Castle Hook Partners LP increased its stake in shares of Vistra by 470.0% in the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares during the period. TD Asset Management Inc grew its stake in shares of Vistra by 9,668.5% during the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after purchasing an additional 2,910,015 shares during the period. Norges Bank acquired a new stake in shares of Vistra during the fourth quarter worth $77,523,000. Electron Capital Partners LLC grew its stake in shares of Vistra by 468.2% during the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock worth $82,006,000 after purchasing an additional 1,754,223 shares during the period. Finally, Sapient Capital LLC acquired a new stake in shares of Vistra during the fourth quarter worth $45,202,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares in the company, valued at $2,879,359.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Vistra Stock Up 3.1 %

VST traded up $2.44 on Tuesday, hitting $80.40. 6,495,060 shares of the company were exchanged, compared to its average volume of 6,795,500. Vistra Corp. has a 12 month low of $29.47 and a 12 month high of $107.24. The company has a market cap of $27.94 billion, a PE ratio of 49.33 and a beta of 1.05. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The stock’s fifty day moving average is $83.30 and its 200-day moving average is $73.75.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 22.61% and a net margin of 4.61%. During the same quarter in the previous year, the company posted $1.03 EPS. Equities research analysts predict that Vistra Corp. will post 4.86 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, September 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Guggenheim raised Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Janney Montgomery Scott assumed coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price for the company. UBS Group boosted their target price on Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Morgan Stanley boosted their target price on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, BMO Capital Markets boosted their price target on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $87.83.

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.