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

Qsemble Capital Management LP raised its position in Vistra Corp. (NYSE:VST) by 40.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VST. Private Advisor Group LLC purchased a new stake in Vistra in the 4th quarter valued at about $375,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Vistra in the 4th quarter valued at about $203,000. Vanguard Personalized Indexing Management LLC increased its stake in Vistra by 3.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 43,312 shares of the company’s stock valued at $1,668,000 after buying an additional 1,485 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Vistra by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,812 shares of the company’s stock valued at $5,617,000 after buying an additional 5,619 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Vistra during the 4th quarter worth approximately $265,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 5.2 %

Shares of NYSE:VST opened at $80.06 on Thursday. The firm has a fifty day moving average price of $80.20 and a two-hundred day moving average price of $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 one year low of $31.16 and a one year high of $107.24. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 49.12 and a beta of 1.08.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the business earned $1.03 earnings per share. Analysts anticipate that Vistra Corp. will post 4.86 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. 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. Vistra’s payout ratio is currently 53.37%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price objective on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target 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.