Qsemble Capital Management LP Has $3.10 Million Stake in Vistra Corp. (NYSE:VST)

Qsemble Capital Management LP boosted its stake in Vistra Corp. (NYSE:VST) by 40.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,073 shares of the company’s stock after purchasing an additional 10,444 shares during the period. Qsemble Capital Management LP’s holdings in Vistra were worth $3,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Vistra by 106.4% in the second quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock valued at $119,050,000 after purchasing an additional 713,705 shares during the period. Sentry Investment Management LLC bought a new stake in Vistra during the second quarter valued at $56,000. AGF Management Ltd. boosted its position in Vistra by 1,041.6% during the second quarter. AGF Management Ltd. now owns 534,057 shares of the company’s stock valued at $45,918,000 after acquiring an additional 487,277 shares during the last quarter. SIR Capital Management L.P. bought a new stake in Vistra during the second quarter valued at $10,929,000. Finally, Daiwa Securities Group Inc. boosted its position in Vistra by 134.3% during the second quarter. Daiwa Securities Group Inc. now owns 52,390 shares of the company’s stock valued at $4,504,000 after acquiring an additional 30,033 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

VST stock opened at $80.06 on Thursday. The stock has a market capitalization of $27.51 billion, a PE ratio of 49.12 and a beta of 1.08. The company’s 50-day moving average is $80.20 and its 200-day moving average is $78.89. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $107.24.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) 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 the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company earned $1.03 EPS. Equities research analysts expect that Vistra Corp. will post 4.86 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 53.37%.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price target on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vistra has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Company 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.