Interchange Capital Partners LLC Decreases Holdings in Vistra Corp. $VST

Interchange Capital Partners LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 67.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 905 shares of the company’s stock after selling 1,869 shares during the quarter. Interchange Capital Partners LLC’s holdings in Vistra were worth $175,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VST. Nuveen LLC purchased a new stake in shares of Vistra during the 1st quarter valued at about $209,149,000. Assenagon Asset Management S.A. raised its position in shares of Vistra by 2,341.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock valued at $167,755,000 after buying an additional 830,111 shares in the last quarter. Fred Alger Management LLC grew its holdings in Vistra by 102.5% during the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after purchasing an additional 492,765 shares during the last quarter. 140 Summer Partners LP bought a new position in Vistra during the 1st quarter valued at about $56,876,000. Finally, Hsbc Holdings PLC grew its holdings in Vistra by 52.2% during the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock valued at $109,761,000 after purchasing an additional 323,264 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST stock opened at $205.55 on Wednesday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market capitalization of $69.64 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.11 and a beta of 1.33. The company’s 50-day simple moving average is $200.30 and its two-hundred day simple moving average is $174.07. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. Vistra’s payout ratio is 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 463,350 shares of company stock worth $95,374,138 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on VST. JPMorgan Chase & Co. upped their price target on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $227.58.

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.